Ørsted A/S (OTCMKTS:DNNGY) Shares Shorted: Short Interest Up 90.3% in September

Ørsted A/S (OTCMKTS:DNNGY) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 181,104 shares, a growth of 90.3% from the September 15th total of 95,191 shares. Based on an average daily trading volume, of 270,386 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are sold short.

Ørsted A/S Stock Up 1.3%

Ørsted A/S stock opened at $6.31 on Friday. The company has a fifty day moving average price of $6.90 and a two-hundred day moving average price of $7.63. Ørsted A/S has a 12 month low of $5.75 and a 12 month high of $15.00.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DNNGY. The Goldman Sachs Group downgraded Ørsted A/S from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Royal Bank Of Canada raised shares of Ørsted A/S to a “moderate buy” rating in a research report on Tuesday, September 1st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Ørsted A/S has a consensus rating of “Moderate Buy”.

About Ørsted A/S

Ørsted A/S is a Denmark-based renewable energy company focused primarily on developing, constructing, owning and operating offshore wind farms. The company also develops onshore wind and solar projects, battery storage facilities and other renewable energy infrastructure. Its activities include project development, engineering, construction, operations and maintenance, and the sale of renewable power.

The company was formerly known as DONG Energy and historically operated across oil, natural gas and conventional energy activities.