Ørsted A/S (OTCMKTS:DNNGY) Short Interest Up 154.9% in June

Ørsted A/S (OTCMKTS:DNNGY – Get Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 28,942 shares, a growth of 154.9% from the June 15th total of 11,353 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 273,183 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley upgraded shares of Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 14th. Zacks Research raised shares of Ørsted A/S to a “hold” rating in a report on Thursday, May 21st. Finally, The Goldman Sachs Group upgraded shares of Ørsted A/S from a “neutral” rating to a “buy” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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Ørsted A/S Stock Performance

Shares of DNNGY stock opened at $7.44 on Tuesday. Ørsted A/S has a fifty-two week low of $5.75 and a fifty-two week high of $33.02. The business has a fifty day simple moving average of $8.08 and a 200-day simple moving average of $7.76.

About Ørsted A/S

(Get Free Report)

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.

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