Short Interest in Vestas Wind Systems A/S (OTCMKTS:VWDRY) Declines By 96.8%

Vestas Wind Systems A/S (OTCMKTS:VWDRY) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 600 shares, a drop of 96.8% from the October 15th total of 18,900 shares. Based on an average daily volume of 991,300 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VWDRY shares. Fearnley Fonds raised shares of Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Citigroup upgraded Vestas Wind Systems A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Vestas Wind Systems A/S Stock Down 2.4 %

Shares of Vestas Wind Systems A/S stock opened at $4.85 on Tuesday. Vestas Wind Systems A/S has a one year low of $4.81 and a one year high of $10.62. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 0.53. The business has a 50-day simple moving average of $6.80 and a 200-day simple moving average of $7.80.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last released its earnings results on Wednesday, August 14th. The energy company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The firm had revenue of $3.55 billion during the quarter. Vestas Wind Systems A/S had a net margin of 0.32% and a return on equity of 1.71%. On average, sell-side analysts forecast that Vestas Wind Systems A/S will post 0.16 earnings per share for the current year.

About Vestas Wind Systems A/S

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.