Vestas Wind Systems A/S (OTCMKTS:VWDRY) Sees Significant Increase in Short Interest

Vestas Wind Systems A/S (OTCMKTS:VWDRYGet Rating) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 97,600 shares, an increase of 211.8% from the August 15th total of 31,300 shares. Based on an average daily volume of 2,249,500 shares, the short-interest ratio is presently 0.0 days.

Vestas Wind Systems A/S Stock Performance

Vestas Wind Systems A/S stock opened at $7.75 on Wednesday. The company has a 50 day moving average price of $8.11 and a 200-day moving average price of $8.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.51 and a current ratio of 1.02. Vestas Wind Systems A/S has a fifty-two week low of $6.55 and a fifty-two week high of $14.71. The company has a market capitalization of $23.48 billion, a PE ratio of -29.81 and a beta of 1.08.

Vestas Wind Systems A/S (OTCMKTS:VWDRYGet Rating) last issued its quarterly earnings data on Wednesday, August 10th. The energy company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.40 billion. Vestas Wind Systems A/S had a negative net margin of 4.55% and a negative return on equity of 3.61%. As a group, equities analysts forecast that Vestas Wind Systems A/S will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VWDRY. HSBC raised shares of Vestas Wind Systems A/S from a “reduce” rating to a “hold” rating in a research note on Friday, July 29th. Fearnley Fonds downgraded shares of Vestas Wind Systems A/S from a “buy” rating to a “sell” rating and set a 155.00 price objective for the company. in a research note on Monday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $172.00.

Vestas Wind Systems A/S Company Profile

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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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