Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Large Decline in Short Interest

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 4,912 shares, a decrease of 84.5% from the June 30th total of 31,754 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 225,071 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

VWDRY has been the topic of a number of research analyst reports. Rothschild & Co Redburn upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Kepler Capital Markets upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Vestas Wind Systems AS Stock Down 1.5%

Shares of VWDRY opened at $8.74 on Friday. The company has a 50-day simple moving average of $9.15 and a 200-day simple moving average of $9.21. The firm has a market capitalization of $26.10 billion, a P/E ratio of 26.49, a P/E/G ratio of 0.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.67 and a current ratio of 1.03. Vestas Wind Systems AS has a 52 week low of $5.72 and a 52 week high of $10.58.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last released its earnings results on Wednesday, May 6th. The energy company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%.The business had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.48 billion. On average, equities research analysts expect that Vestas Wind Systems AS will post 0.46 earnings per share for the current year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long‑term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.