Ørsted A/S (OTCMKTS:DNNGY – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 72,521 shares, a growth of 335.2% from the July 15th total of 16,664 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 162,403 shares, the days-to-cover ratio is presently 0.4 days.
Ørsted A/S Trading Down 2.1%
Shares of DNNGY traded down $0.15 on Friday, reaching $7.13. The company’s stock had a trading volume of 30,638 shares, compared to its average volume of 141,128. Ørsted A/S has a twelve month low of $5.75 and a twelve month high of $33.02. The firm has a fifty day moving average of $7.54 and a 200-day moving average of $7.88.
Analyst Ratings Changes
Several equities research analysts recently weighed in on DNNGY shares. Morgan Stanley raised Ørsted A/S from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 14th. Zacks Research upgraded Ørsted A/S to a “hold” rating in a research report on Thursday, May 21st. Finally, The Goldman Sachs Group raised Ørsted A/S from a “neutral” rating to a “buy” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.
Ørsted A/S Company Profile
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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