Short Interest in Vestas Wind Systems AS (OTCMKTS:VWDRY) Increases By 175.0%

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 146,300 shares, an increase of 175.0% from the September 30th total of 53,200 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 324,100 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 324,100 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Vestas Wind Systems AS Stock Down 1.6%

Shares of OTCMKTS:VWDRY opened at $6.81 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.96 and a quick ratio of 0.56. The firm has a market capitalization of $20.63 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 0.64 and a beta of 1.24. The firm’s 50-day moving average is $6.47 and its two-hundred day moving average is $5.81. Vestas Wind Systems AS has a 1 year low of $3.96 and a 1 year high of $7.22.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings results on Wednesday, August 13th. The energy company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. The company had revenue of $4.37 billion for the quarter, compared to analyst estimates of $3.98 billion. Vestas Wind Systems AS had a net margin of 4.08% and a return on equity of 23.25%. Analysts predict that Vestas Wind Systems AS will post 0.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Fearnley Fonds cut shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a research report on Friday, August 15th. Finally, Kepler Capital Markets cut shares of Vestas Wind Systems AS from a “hold” rating to a “strong sell” rating in a research report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

About Vestas Wind Systems AS

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.