Short Interest in Vestas Wind Systems A/S (OTCMKTS:VWDRY) Rises By 72.7%

Vestas Wind Systems A/S (OTCMKTS:VWDRY) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 253,000 shares, an increase of 72.7% from the May 15th total of 146,500 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 352,500 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Berenberg Bank upgraded Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 14th. Citigroup reiterated a “buy” rating on shares of Vestas Wind Systems A/S in a report on Wednesday, May 21st.

Vestas Wind Systems A/S Price Performance

OTCMKTS VWDRY opened at $5.58 on Monday. Vestas Wind Systems A/S has a one year low of $3.96 and a one year high of $8.78. The stock has a 50-day moving average of $4.88 and a 200 day moving average of $4.75. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 32.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.54 and a current ratio of 1.04.

About Vestas Wind Systems A/S

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.