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

Ørsted A/S (OTCMKTS:DNNGY) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 4,000 shares, a growth of 233.3% from the January 15th total of 1,200 shares. Based on an average daily trading volume, of 320,600 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley downgraded Ørsted A/S from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 5th.

Ørsted A/S Stock Down 2.0 %

Shares of OTCMKTS DNNGY traded down $0.27 during midday trading on Wednesday, reaching $13.56. The stock had a trading volume of 134,680 shares, compared to its average volume of 155,061. Ørsted A/S has a twelve month low of $11.73 and a twelve month high of $22.44. The company’s 50 day moving average price is $14.57 and its 200 day moving average price is $18.09.

About Ørsted A/S

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.