Vestas Wind Systems AS (OTCMKTS:VWDRY) Short Interest Down 89.6% in August

Vestas Wind Systems AS (OTCMKTS:VWDRY) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 20,344 shares, a decline of 89.6% from the July 30th total of 195,939 shares. Based on an average daily volume of 229,253 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Vestas Wind Systems AS Stock Performance

Vestas Wind Systems AS stock opened at $10.96 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.03 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $32.73 billion, a P/E ratio of 25.49, a PEG ratio of 0.79 and a beta of 0.97. The stock’s 50 day moving average is $9.33 and its 200 day moving average is $9.21. Vestas Wind Systems AS has a twelve month low of $5.92 and a twelve month high of $11.05.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last announced its quarterly earnings data on Wednesday, August 12th. The energy company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Vestas Wind Systems AS had a return on equity of 29.50% and a net margin of 5.42%.The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $5.19 billion. On average, equities research analysts predict that Vestas Wind Systems AS will post 0.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on VWDRY shares. Citigroup reiterated a “buy” rating on shares of Vestas Wind Systems AS in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Finally, Kepler Capital Markets raised shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Vestas Wind Systems AS presently has a consensus rating of “Moderate Buy”.

About Vestas Wind Systems AS

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.