Short Interest in Vestas Wind Systems AS (OTCMKTS:VWDRY) Grows 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 increase in short interest in July. As of July 15th, there was short interest totaling 128,500 shares, anincreaseof86.8% from the June 30th total of 68,800 shares. Based on an average daily volume of 752,300 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 752,300 shares, the days-to-cover ratio is currently 0.2 days.

Vestas Wind Systems AS Stock Performance

VWDRY stock opened at $6.08 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.02 and a quick ratio of 0.60. Vestas Wind Systems AS has a 1 year low of $3.96 and a 1 year high of $8.25. The company has a market cap of $18.42 billion, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 0.66 and a beta of 1.25. The stock's fifty day moving average price is $5.63 and its 200-day moving average price is $5.04.

Wall Street Analysts Forecast Growth

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

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