Vestas Wind Systems AS (OTCMKTS:VWDRY) Short Interest Update

Key Points

• Short interest surged 141.4% to 49,108 shares as of August 31, though short interest remained minimal at approximately 0.0% of shares outstanding.
• Analyst sentiment was broadly positive: Vestas received an average rating of “Buy”, including several Strong Buy ratings and recent upgrades from Berenberg Bank and Kepler Capital Markets.
• VWDRY traded up 2.0% to $11.10, while the company reported quarterly earnings of $0.11 per share and revenue of $5.45 billion, exceeding analyst expectations.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 49,108 shares, a growth of 141.4% from the August 15th total of 20,344 shares. Based on an average trading volume of 283,606 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Vestas Wind Systems AS Trading Up 2.0%

VWDRY stock traded up $0.22 during midday trading on Friday, hitting $11.10. The company had a trading volume of 184,094 shares, compared to its average volume of 128,285. The stock has a market cap of $33.15 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 0.81 and a beta of 0.99. Vestas Wind Systems AS has a 52 week low of $5.92 and a 52 week high of $11.36. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. The stock's 50 day moving average price is $9.83 and its 200 day moving average price is $9.43.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The energy company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $5.45 billion during the quarter, compared to analysts' expectations of $5.19 billion. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.50%. As a group, equities research analysts expect that Vestas Wind Systems AS will post 0.54 earnings per share for the current fiscal 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 for utility-scale and commercial customers, with products serving both onshore and offshore wind markets.

Its business includes wind turbine systems, blades, controls and related equipment, as well as project support, maintenance, monitoring and other lifecycle services. Vestas also provides digital and operational solutions intended to help customers manage wind assets and optimize energy production over time.

Vestas traces its origins to 1945, when it was established in western Denmark as a manufacturer of household equipment and later industrial products before entering the wind industry.

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