Ørsted A/S (OTCMKTS:DNNGY) Short Interest Update

Ørsted A/S (OTCMKTS:DNNGYGet Rating) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 35,300 shares, a decrease of 23.1% from the March 31st total of 45,900 shares. Based on an average daily volume of 130,100 shares, the short-interest ratio is currently 0.3 days.

Ørsted A/S stock opened at $37.19 on Monday. Ørsted A/S has a 52 week low of $32.96 and a 52 week high of $55.47. The company’s 50 day moving average price is $39.86 and its two-hundred day moving average price is $40.56.

The firm also recently announced a dividend, which was paid on Thursday, April 28th. Shareholders of record on Tuesday, April 12th were issued a dividend of $0.4109 per share. The ex-dividend date of this dividend was Monday, April 11th. This represents a yield of 1%.

A number of analysts recently weighed in on DNNGY shares. Jefferies Financial Group upgraded Ørsted A/S from an “underperform” rating to a “hold” rating in a report on Thursday, March 24th. The Goldman Sachs Group upgraded Ørsted A/S from a “neutral” rating to a “buy” rating in a report on Sunday, January 9th. Morgan Stanley decreased their price objective on Ørsted A/S from 1,000.00 to 900.00 and set an “overweight” rating for the company in a report on Wednesday, February 23rd. DZ Bank cut shares of Ørsted A/S from a “buy” rating to a “hold” rating and set a 760.00 price target on the stock. in a research report on Thursday, February 3rd. Finally, Citigroup cut shares of Ørsted A/S from a “neutral” rating to a “sell” rating in a research report on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $747.50.

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.

Further Reading

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