Vestas Wind Systems AS (OTCMKTS:VWDRY) Short Interest Up 3,629.0% in March

Key Points

• Short interest surged 3,629% in March to 113,808 shares as of March 31 (up from 3,052 on March 15), though reported short interest equals 0.0% of shares and the short-interest ratio is just 0.3 days based on average daily volume.
• VWDRY traded up 1.4% to $10.23 with 96,015 shares changing hands; the company reported Q EPS of $0.17 (in line) and revenue of $7.40 billion (above estimates), has a $31 billion market cap and a consensus analyst rating of "Moderate Buy".

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 113,808 shares, an increase of 3,629.0% from the March 15th total of 3,052 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 386,385 shares, the short-interest ratio is currently 0.3 days.

Vestas Wind Systems AS Trading Up 1.4%

VWDRY stock traded up $0.14 during midday trading on Friday, hitting $10.23. 96,015 shares of the company's stock were exchanged, compared to its average volume of 220,054. Vestas Wind Systems AS has a 1-year low of $4.03 and a 1-year high of $10.44. The company has a current ratio of 1.00, a quick ratio of 0.66 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $31.00 billion, a PE ratio of 34.10, a P/E/G ratio of 1.51 and a beta of 1.05. The business has a 50-day simple moving average of $8.69 and a two-hundred day simple moving average of $8.24.

Vestas Wind Systems AS (OTCMKTS:VWDRY - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The energy company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. The business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $6.41 billion. Vestas Wind Systems AS had a return on equity of 23.30% and a net margin of 4.22%. On average, sell-side analysts predict that Vestas Wind Systems AS will post 0.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

VWDRY has been the subject of several research reports. Kepler Capital Markets downgraded Vestas Wind Systems AS from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 9th. DZ Bank raised Vestas Wind Systems AS to a "strong-buy" rating in a research note on Sunday, December 21st. Finally, Rothschild & Co Redburn upgraded Vestas Wind Systems AS from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Vestas Wind Systems AS presently has a consensus rating of "Moderate Buy".

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S OTCMKTS: VWDRY is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project's lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas' product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.

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