Short Interest in Vestas Wind Systems AS (OTCMKTS:VWDRY) Increases By 86.8%

Key Points

• Short interest in Vestas Wind Systems AS surged by 86.8% in July, totaling 128,500 shares, up from 68,800 shares in June.
• Vestas Wind Systems AS has a market cap of $18.42 billion and recently saw ratings upgrades and downgrades from major analysts.
• The company's stock is currently trading at $6.08, with a 1-year price range between $3.96 and $8.25.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 128,500 shares, agrowthof86.8% from the June 30th total of 68,800 shares. Based on an average daily trading volume, of 752,300 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 752,300 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

VWDRY has been the topic of several research reports. Berenberg Bank raised Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 14th. Citigroup reissued a "buy" rating on shares of Vestas Wind Systems AS in a research report on Wednesday, May 21st. Finally, Kepler Capital Markets downgraded Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a research report on Monday, July 21st.

Vestas Wind Systems AS Stock Performance

VWDRY stock traded down $0.02 during trading on Friday, reaching $5.99. 177,482 shares of the stock were exchanged, compared to its average volume of 192,507. Vestas Wind Systems AS has a twelve month low of $3.96 and a twelve month high of $8.25. The company has a current ratio of 1.02, a quick ratio of 0.60 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $18.14 billion, a P/E ratio of 29.94, a price-to-earnings-growth ratio of 0.65 and a beta of 1.25. The stock has a 50 day simple moving average of $5.68 and a 200-day simple moving average of $5.07.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.