Orrön Energy AB (publ) (OTCMKTS:LNDNF) Sees Large Increase in Short Interest

Orrön Energy AB (publ) (OTCMKTS:LNDNFGet Rating) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 8,300 shares, a growth of 16.9% from the August 15th total of 7,100 shares. Based on an average trading volume of 600 shares, the days-to-cover ratio is currently 13.8 days.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price objective on shares of Orrön Energy AB (publ) from SEK 378 to SEK 407 and gave the company a “neutral” rating in a research note on Monday, May 23rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $374.00.

Orrön Energy AB (publ) Stock Down 16.7 %

OTCMKTS LNDNF opened at $2.00 on Monday. The stock’s 50-day moving average is $1.44 and its 200-day moving average is $25.03. Orrön Energy AB has a one year low of $0.68 and a one year high of $49.00.

About Orrön Energy AB (publ)

(Get Rating)

Orrön Energy AB (publ) operates as an independent renewable energy company. It has wind and hydro assets in the Nordics, a wind farm in Finland, a hydropower plant in Norway, and a Karskruv wind farm in southern Sweden. The company was formerly known as Lundin Energy AB (publ) and changed its name to Orrön Energy AB (publ) in July 2022.

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