Ørsted A/S (OTCMKTS:DNNGY) Short Interest Down 42.4% in July

Ørsted A/S (OTCMKTS:DNNGY) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 16,664 shares, a decline of 42.4% from the June 30th total of 28,942 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 247,458 shares, the days-to-cover ratio is currently 0.1 days.

Ørsted A/S Stock Performance

Shares of Ørsted A/S stock opened at $7.17 on Wednesday. The stock’s 50 day simple moving average is $7.86 and its 200-day simple moving average is $7.84. Ørsted A/S has a 1-year low of $5.75 and a 1-year high of $33.02.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DNNGY shares. The Goldman Sachs Group upgraded shares of Ørsted A/S from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Zacks Research raised Ørsted A/S to a “hold” rating in a report on Thursday, May 21st. Finally, Morgan Stanley raised shares of Ørsted A/S from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Ørsted A/S

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.