Ørsted A/S (OTCMKTS:DOGEF) Sees Significant Decline in Short Interest

Ørsted A/S (OTCMKTS:DOGEF – Get Rating) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totalling 369,600 shares, a decrease of 15.4% from the April 15th total of 436,800 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is presently 184.8 days.

Shares of Ørsted A/S stock opened at $104.83 on Wednesday. The business has a 50-day moving average price of $115.06 and a 200-day moving average price of $118.42. Ørsted A/S has a twelve month low of $94.05 and a twelve month high of $168.50.

Separately, Citigroup upgraded Ørsted A/S to a “hold” rating and set a $680.00 price objective for the company in a research report on Tuesday, February 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $700.00.

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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