Ørsted A/S (OTCMKTS:DOGEF – Get Free Report) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 1,125,796 shares, a decline of 41.2% from the September 15th total of 1,914,199 shares. Based on an average trading volume of 785 shares, the short-interest ratio is currently 1,434.1 days.
Ørsted A/S Trading Up 2.4%
Shares of OTCMKTS DOGEF traded up $0.45 during mid-day trading on Friday, reaching $19.18. The company had a trading volume of 1,382 shares, compared to its average volume of 1,475. Ørsted A/S has a twelve month low of $16.98 and a twelve month high of $27.67. The stock’s 50 day moving average is $21.07 and its 200-day moving average is $23.13.
About Ørsted A/S
Ørsted A/S is a Denmark-based renewable energy company focused primarily on developing, constructing, owning and operating offshore wind farms. Its activities also include onshore wind, solar power, battery storage and other renewable energy projects, as well as related energy-management and power-trading services.
The company was established in 1972 as Dansk Naturgas, later known as DONG Energy, with roots in Denmark’s oil and natural gas industry. It shifted its focus toward renewable energy and was renamed Ørsted in 2017 in honor of Danish scientist Hans Christian Ørsted.
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