Ørsted A/S (OTCMKTS:DNNGY) Short Interest Up 335.2% in July

Ørsted A/S (OTCMKTS:DNNGY) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 72,521 shares, an increase of 335.2% from the July 15th total of 16,664 shares. Based on an average trading volume of 162,403 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DNNGY shares. Zacks Research upgraded shares of Ørsted A/S to a “hold” rating in a research report on Thursday, May 21st. Morgan Stanley raised shares of Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 14th. Finally, The Goldman Sachs Group raised Ørsted A/S from a “neutral” rating to a “buy” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Ørsted A/S Price Performance

Shares of DNNGY traded down $0.30 during trading hours on Thursday, reaching $7.28. The stock had a trading volume of 81,959 shares, compared to its average volume of 141,808. The firm has a 50-day simple moving average of $7.56 and a 200 day simple moving average of $7.88. Ørsted A/S has a 12 month low of $5.75 and a 12 month 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.