Vestas Wind Systems A/S (OTCMKTS:VWDRY) Sees Large Growth in Short Interest

Vestas Wind Systems A/S (OTCMKTS:VWDRY) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 268,900 shares, an increase of 860.4% from the December 31st total of 28,000 shares. Based on an average daily volume of 1,574,200 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Berenberg Bank lowered shares of Vestas Wind Systems A/S from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 14th. Citigroup upgraded shares of Vestas Wind Systems A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Fearnley Fonds upgraded shares of Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th.

Vestas Wind Systems A/S Price Performance

Shares of OTCMKTS:VWDRY traded down $0.06 during mid-day trading on Tuesday, hitting $4.43. 336,323 shares of the company traded hands, compared to its average volume of 574,478. The company has a quick ratio of 0.54, a current ratio of 1.02 and a debt-to-equity ratio of 1.08. The stock has a 50-day moving average price of $4.58 and a two-hundred day moving average price of $6.19. Vestas Wind Systems A/S has a 12-month low of $4.19 and a 12-month high of $9.93.

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.