Short Interest in Vestas Wind Systems AS (OTCMKTS:VWDRY) Drops By 15.7%
by Amy Steele · The Cerbat GemVestas Wind Systems AS (OTCMKTS:VWDRY – Get Free Report) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 194,678 shares, a drop of 15.7% from the November 30th total of 230,875 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 245,288 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 245,288 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the shares of the stock are short sold.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the stock. Berenberg Bank cut shares of Vestas Wind Systems AS from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. Kepler Capital Markets raised Vestas Wind Systems AS from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, December 10th. DZ Bank upgraded Vestas Wind Systems AS to a “strong-buy” rating in a research report on Sunday, December 21st. Finally, Barclays reissued an “underweight” rating on shares of Vestas Wind Systems AS in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
View Our Latest Report on VWDRY
Vestas Wind Systems AS Stock Down 0.5%
Shares of Vestas Wind Systems AS stock opened at $8.97 on Thursday. Vestas Wind Systems AS has a 12-month low of $3.96 and a 12-month high of $9.07. The firm has a market capitalization of $27.17 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 0.76 and a beta of 1.21. The company has a quick ratio of 0.60, a current ratio of 0.97 and a debt-to-equity ratio of 0.74. The stock’s fifty day moving average is $8.03 and its 200-day moving average is $6.80.
Vestas Wind Systems AS (OTCMKTS:VWDRY – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The energy company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Vestas Wind Systems AS had a return on equity of 27.61% and a net margin of 5.00%.The firm had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $5.43 billion. Equities analysts anticipate that Vestas Wind Systems AS will post 0.27 earnings per share for the current year.
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.