Ørsted A/S (OTCMKTS:DNNGY) Sees Large Growth in Short Interest

Ørsted A/S (OTCMKTS:DNNGY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 30,800 shares, a growth of 555.3% from the February 28th total of 4,700 shares. Based on an average daily trading volume, of 170,400 shares, the short-interest ratio is presently 0.2 days.

Ørsted A/S Price Performance

Shares of OTCMKTS DNNGY traded up $0.15 during trading hours on Friday, reaching $14.92. 65,207 shares of the stock were exchanged, compared to its average volume of 119,709. The stock’s fifty day simple moving average is $14.25 and its 200 day simple moving average is $17.07. Ørsted A/S has a 52 week low of $11.73 and a 52 week high of $22.44.

Analysts Set New Price Targets

Separately, Morgan Stanley cut shares of Ørsted A/S from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 5th.

Ørsted A/S Company Profile

Ørsted A/S, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. It operates through Offshore, Onshore, and Bioenergy & Other segments.