Short Interest in Ørsted A/S (OTCMKTS:DNNGY) Rises By 123.9%

Ørsted A/S (OTCMKTS:DNNGYGet Rating) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 45,900 shares, an increase of 123.9% from the March 15th total of 20,500 shares. Based on an average daily volume of 120,300 shares, the days-to-cover ratio is currently 0.4 days.

Several analysts recently weighed in on DNNGY shares. Jefferies Financial Group raised shares of Ørsted A/S from an “underperform” rating to a “hold” rating in a research note on Thursday, March 24th. The Goldman Sachs Group raised shares of Ørsted A/S from a “neutral” rating to a “buy” rating in a research note on Sunday, January 9th. Royal Bank of Canada cut shares of Ørsted A/S from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, January 25th. Barclays raised shares of Ørsted A/S from an “underweight” rating to an “overweight” rating in a research report on Monday, February 21st. Finally, HSBC cut shares of Ørsted A/S from a “buy” rating to a “hold” rating in a research report on Tuesday, March 1st. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Ørsted A/S has an average rating of “Hold” and a consensus price target of $747.50.

Shares of OTCMKTS DNNGY opened at $38.75 on Friday. The firm’s 50-day moving average price is $38.94 and its 200-day moving average price is $41.02. Ørsted A/S has a 1-year low of $32.96 and a 1-year high of $55.47.

The business also recently disclosed a dividend, which will be paid on Thursday, April 28th. Stockholders of record on Tuesday, April 12th will be issued a dividend of $0.4109 per share. The ex-dividend date is Monday, April 11th. This represents a dividend yield of 1%.

About Ørsted A/S (Get Rating)

Ørsted A/S, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants. It operates through Offshore, Onshore, and Markets & Bioenergy segments. The Offshore segment develops, constructs, owns, and operates offshore wind farms in the United Kingdom, Germany, Denmark, the Netherlands, the United States, Taiwan, Japan, and South Korea.

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