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

Vestas Wind Systems A/S (OTCMKTS:VWDRY) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 268,900 shares, an increase of 860.4% from the December 31st total of 28,000 shares. Based on an average daily volume of 1,574,200 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VWDRY. Berenberg Bank cut shares of Vestas Wind Systems A/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 14th. Fearnley Fonds upgraded Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Finally, Citigroup raised Vestas Wind Systems A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Vestas Wind Systems A/S Price Performance

VWDRY traded down $0.08 during trading on Wednesday, hitting $4.35. 374,950 shares of the company traded hands, compared to its average volume of 574,478. The stock’s 50-day simple moving average is $4.57 and its two-hundred day simple moving average is $6.16. Vestas Wind Systems A/S has a 1 year low of $4.19 and a 1 year high of $9.93. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.54 and a current ratio of 1.02.

About Vestas Wind Systems A/S

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.