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

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

Wall Street Analysts Forecast Growth

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

Ørsted A/S Stock Up 0.1%

DNNGY stock opened at $7.56 on Thursday. The business has a 50-day simple moving average of $8.04 and a 200 day simple moving average of $7.78. Ørsted A/S has a 52 week low of $5.75 and a 52 week high of $33.02.

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.