Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Significant Growth in Short Interest

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 85,807 shares, an increase of 74.7% from the August 31st total of 49,108 shares. Based on an average daily volume of 235,254 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Vestas Wind Systems AS Stock Performance

OTCMKTS:VWDRY opened at $9.83 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.03 and a quick ratio of 0.66. The business has a fifty day simple moving average of $10.18 and a two-hundred day simple moving average of $9.63. Vestas Wind Systems AS has a 1 year low of $6.15 and a 1 year high of $11.36. The company has a market capitalization of $29.36 billion, a P/E ratio of 22.86, a P/E/G ratio of 0.70 and a beta of 0.99.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its quarterly earnings results on Wednesday, August 12th. The energy company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Vestas Wind Systems AS had a return on equity of 29.07% and a net margin of 5.42%. On average, analysts expect that Vestas Wind Systems AS will post 0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VWDRY. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Berenberg Bank upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 26th. Citigroup reaffirmed a “buy” rating on shares of Vestas Wind Systems AS in a research report on Thursday, August 13th. Finally, Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Four research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based renewable energy company focused on wind power. The company designs, manufactures, installs and services wind turbines and provides related technology, software and lifecycle support for wind energy projects.

Vestas supplies solutions for both onshore and offshore wind farms. Its services include turbine maintenance, monitoring, upgrades and other operational support intended to help customers improve the performance and reliability of their wind assets over time.

Founded in 1945, Vestas serves utilities, independent power producers, developers and other energy customers in markets around the world.