Vestas Wind Systems AS (OTCMKTS:VWDRY) Short Interest Down 84.3% in September

Key Points

• Vestas Wind Systems AS experienced a significant decline in short interest, dropping 84.3% in September to a total of 11,600 shares.
• The company's recent quarterly earnings beat expectations, reporting $0.01 EPS and revenue of $4.37 billion, compared to analysts' estimates of $3.98 billion.
• Current analyst ratings for Vestas Wind Systems AS show a consensus of "Hold", with a range from Strong Buy to Sell.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 11,600 shares, a decline of 84.3% from the August 31st total of 74,000 shares. Based on an average trading volume of 319,200 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 319,200 shares, the days-to-cover ratio is presently 0.0 days.

Vestas Wind Systems AS Trading Down 0.2%

OTCMKTS:VWDRY opened at $6.32 on Wednesday. The firm's fifty day moving average is $6.34 and its 200-day moving average is $5.50. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.56 and a current ratio of 0.96. Vestas Wind Systems AS has a 52 week low of $3.96 and a 52 week high of $7.22. The firm has a market cap of $19.15 billion, a P/E ratio of 23.41, a P/E/G ratio of 0.55 and a beta of 1.20.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The energy company reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. Vestas Wind Systems AS had a net margin of 4.08% and a return on equity of 23.25%. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $3.98 billion. Equities analysts expect that Vestas Wind Systems AS will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VWDRY. Kepler Capital Markets lowered shares of Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a report on Monday, July 21st. Fearnley Fonds lowered shares of Vestas Wind Systems AS from a "strong-buy" rating to a "hold" rating in a report on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Vestas Wind Systems AS in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Vestas Wind Systems AS has a consensus rating of "Hold".

About Vestas Wind Systems AS

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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