Ørsted A/S (OTCMKTS:DNNGY) Short Interest Update

Ørsted A/S (OTCMKTS:DNNGY) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 176,555 shares, a growth of 70.0% from the April 30th total of 103,866 shares. Based on an average daily trading volume, of 225,873 shares, the short-interest ratio is presently 0.8 days.

Ørsted A/S Stock Down 0.4%

Shares of OTCMKTS:DNNGY opened at $8.58 on Wednesday. Ørsted A/S has a twelve month low of $5.75 and a twelve month high of $33.02. The stock’s 50 day moving average is $8.33 and its 200-day moving average is $7.57.

Analyst Ratings Changes

A number of research firms have issued reports on DNNGY. Morgan Stanley upgraded 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 report on Thursday, May 21st. Finally, The Goldman Sachs Group upgraded Ørsted A/S from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Ørsted A/S has a consensus rating of “Moderate Buy”.

About Ørsted A/S

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.