Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Large Decrease in Short Interest

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 3,052 shares, a decrease of 40.6% from the February 26th total of 5,139 shares. Based on an average trading volume of 384,359 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Vestas Wind Systems AS Stock Performance

VWDRY stock opened at $8.89 on Friday. The business’s fifty day moving average is $8.73 and its 200-day moving average is $8.01. The company has a quick ratio of 0.66, a current ratio of 1.00 and a debt-to-equity ratio of 0.67. The company has a market cap of $26.94 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20. Vestas Wind Systems AS has a twelve month low of $3.96 and a twelve month high of $10.44.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its quarterly earnings results on Thursday, February 5th. The energy company reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. The business had revenue of $7.40 billion for the quarter, compared to analyst estimates of $6.41 billion. Vestas Wind Systems AS had a return on equity of 23.30% and a net margin of 4.22%. Equities research analysts forecast that Vestas Wind Systems AS will post 0.27 EPS for the current year.

Analyst Ratings Changes

VWDRY has been the subject of a number of research reports. DZ Bank upgraded Vestas Wind Systems AS to a “strong-buy” rating in a research report on Sunday, December 21st. Kepler Capital Markets lowered shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Finally, Barclays reiterated an “underweight” rating on shares of Vestas Wind Systems AS in a research report on Wednesday, December 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

About Vestas Wind Systems AS

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.