Ørsted A/S (OTCMKTS:DNNGY) Sees Large Growth in Short Interest

Ørsted A/S (OTCMKTS:DNNGY) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 30,800 shares, an increase of 555.3% from the February 28th total of 4,700 shares. Based on an average daily volume of 170,400 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Morgan Stanley downgraded shares of Ørsted A/S from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 5th.

Ørsted A/S Trading Down 2.1 %

Shares of OTCMKTS DNNGY traded down $0.31 during trading hours on Wednesday, hitting $14.77. 155,366 shares of the stock were exchanged, compared to its average volume of 120,666. Ørsted A/S has a 12 month low of $11.73 and a 12 month high of $22.44. The firm has a fifty day moving average price of $14.23 and a 200-day moving average price of $17.08.

About Ørsted A/S

Ørsted A/S, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. It operates through Offshore, Onshore, and Bioenergy & Other segments.