Vestas Wind Systems AS (OTCMKTS:VWDRY) Short Interest Up 358.6% in September

Key Points

• Short interest in Vestas Wind Systems AS surged by 358.6% in September, increasing from 11,600 shares to 53,200 shares.
• The company reported earnings of $0.01 EPS, surpassing analyst expectations, and had a revenue of $4.37 billion for the quarter.
• Vestas Wind's current consensus rating from analysts is a "Hold," with ratings ranging from Strong Buy to Sell.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 53,200 shares, an increase of 358.6% from the September 15th total of 11,600 shares. Based on an average daily trading volume, of 331,900 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 331,900 shares, the days-to-cover ratio is presently 0.2 days.

Vestas Wind Systems AS Stock Performance

Shares of OTCMKTS VWDRY opened at $6.70 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 0.84. Vestas Wind Systems AS has a 12 month low of $3.96 and a 12 month high of $7.22. The stock has a 50 day moving average of $6.44 and a 200-day moving average of $5.63. The company has a market capitalization of $20.30 billion, a P/E ratio of 24.81, a P/E/G ratio of 0.58 and a beta of 1.24.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last issued its earnings results on Wednesday, August 13th. The energy company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02. Vestas Wind Systems AS had a return on equity of 23.25% and a net margin of 4.08%.The company had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $3.98 billion. As a group, equities research analysts predict that Vestas Wind Systems AS will post 0.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Vestas Wind Systems AS in a research note on Friday, August 15th. Kepler Capital Markets downgraded Vestas Wind Systems AS from a "hold" rating to a "strong sell" rating in a research note on Monday, July 21st. Finally, Fearnley Fonds downgraded Vestas Wind Systems AS from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 18th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, Vestas Wind Systems AS presently has a consensus rating of "Hold".

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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