Short Interest in Vestas Wind Systems A/S (OTCMKTS:VWDRY) Declines By 49.4%

Vestas Wind Systems A/S (OTCMKTS:VWDRYGet Rating) saw a large decline in short interest in April. As of April 30th, there was short interest totalling 63,100 shares, a decline of 49.4% from the April 15th total of 124,700 shares. Based on an average daily trading volume, of 907,800 shares, the days-to-cover ratio is presently 0.1 days.

A number of research firms recently issued reports on VWDRY. Morgan Stanley lowered their price objective on shares of Vestas Wind Systems A/S from 199.00 to 173.00 in a research report on Friday, April 22nd. Berenberg Bank decreased their price target on shares of Vestas Wind Systems A/S from 220.00 to 190.00 and set a “buy” rating for the company in a research report on Wednesday, February 16th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vestas Wind Systems A/S from 185.00 to 170.00 and set a “hold” rating for the company in a research report on Friday, January 28th. Kepler Capital Markets cut shares of Vestas Wind Systems A/S from a “buy” rating to a “hold” rating in a research report on Thursday, January 27th. Finally, Credit Suisse Group upgraded shares of Vestas Wind Systems A/S from an “underperform” rating to an “outperform” rating in a research report on Tuesday, April 5th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $177.67.

VWDRY opened at $6.76 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.54 and a debt-to-equity ratio of 0.15. The company’s fifty day moving average price is $9.42 and its two-hundred day moving average price is $9.89. Vestas Wind Systems A/S has a 1-year low of $6.55 and a 1-year high of $14.71. The company has a market cap of $20.48 billion, a price-to-earnings ratio of -37.55 and a beta of 0.95.

Vestas Wind Systems A/S (OTCMKTS:VWDRYGet Rating) last announced its earnings results on Thursday, February 10th. The energy company reported $0.01 EPS for the quarter. The company had revenue of $5.20 billion during the quarter. Vestas Wind Systems A/S had a negative net margin of 3.13% and a positive return on equity of 0.84%. As a group, equities analysts forecast that Vestas Wind Systems A/S will post -0.15 earnings per share for the current fiscal year.

The company also recently announced a dividend, which was paid on Friday, April 22nd. Stockholders of record on Thursday, April 7th were issued a $0.0117 dividend. The ex-dividend date of this dividend was Wednesday, April 6th. This represents a dividend yield of 0.12%. Vestas Wind Systems A/S’s dividend payout ratio is currently -5.56%.

About Vestas Wind Systems A/S (Get Rating)

Vestas Wind Systems A/S designs, manufactures, installs, and services wind turbines worldwide. The company operates in two segments, Power Solutions and Service. The Power Solutions segment sells wind power plants, wind turbines, development sites, etc. The Service segment engages in the sale of service contracts, spare parts, and related activities.

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