Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Significant Increase in Short Interest

Key Points

• Short interest in Vestas Wind Systems rose 74.7% to 85,807 shares as of September 15, though this represented approximately 0.0% of shares outstanding and only 0.4 days to cover.
• Analyst sentiment remains broadly positive, with four Strong Buy ratings, one Buy, one Hold and one Sell; the overall consensus rating is Buy.
• Vestas exceeded quarterly expectations, reporting $0.11 in EPS versus a $0.06 estimate and $5.45 billion in revenue versus a $5.19 billion forecast.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 85,807 shares, an increase of 74.7% from the August 31st total of 49,108 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 235,254 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VWDRY shares. Citigroup restated a "buy" rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Berenberg Bank upgraded shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 26th. Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Vestas Wind Systems AS in a research report on Friday, August 14th. Four analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Buy".

Vestas Wind Systems AS Stock Performance

Shares of VWDRY opened at $9.66 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.66 and a current ratio of 1.03. The stock has a 50-day moving average of $10.16 and a two-hundred day moving average of $9.62. The stock has a market cap of $28.85 billion, a P/E ratio of 22.47, a P/E/G ratio of 0.73 and a beta of 0.99. Vestas Wind Systems AS has a one year low of $6.13 and a one year high of $11.36.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The energy company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.05. Vestas Wind Systems AS had a return on equity of 29.07% and a net margin of 5.42%.The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.19 billion. As a group, research analysts predict that Vestas Wind Systems AS will post 0.54 EPS for the current year.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S is a Denmark-based renewable energy company focused on wind power. The company designs, manufactures, installs and services wind turbines and provides related technology, software and lifecycle support for wind energy projects.

Vestas supplies solutions for both onshore and offshore wind farms. Its services include turbine maintenance, monitoring, upgrades and other operational support intended to help customers improve the performance and reliability of their wind assets over time.

Founded in 1945, Vestas serves utilities, independent power producers, developers and other energy customers in markets around the world.

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