Ørsted A/S (OTCMKTS:DNNGY) Short Interest Up 154.9% in June

Ørsted A/S (OTCMKTS:DNNGY) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 28,942 shares, an increase of 154.9% from the June 15th total of 11,353 shares. Based on an average trading volume of 273,183 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several brokerages have commented on DNNGY. Zacks Research upgraded shares of Ørsted A/S to a “hold” rating in a research note on Thursday, May 21st. The Goldman Sachs Group raised Ørsted A/S from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Finally, Morgan Stanley raised Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Ørsted A/S Price Performance

Shares of OTCMKTS DNNGY opened at $7.44 on Tuesday. The stock has a fifty day moving average price of $8.08 and a 200 day moving average price of $7.76. Ørsted A/S has a 1-year low of $5.75 and a 1-year high of $33.02.

About Ørsted A/S

Ørsted A/S (OTCMKTS:DNNGY) is a Denmark-based renewable energy company that specializes in the development, construction and operation of offshore wind farms. Formerly known as DONG Energy until its rebranding in 2017 to honor Danish scientist Hans Christian Ørsted, the company has grown into a global leader in offshore wind power and green energy solutions.

The company’s core activities include the full lifecycle management of offshore wind projects, encompassing site identification, engineering, turbine installation and long-term operations and maintenance.