Ørsted A/S (OTCMKTS:DNNGY) Shares Shorted: Short Interest Down 35.2% in October

Ørsted A/S (OTCMKTS:DNNGY) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 117,425 shares, a drop of 35.2% from the September 30th total of 181,104 shares. Based on an average daily trading volume, of 262,237 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.

Ørsted A/S Stock Performance

DNNGY opened at $6.68 on Tuesday. The firm’s fifty day moving average is $6.75 and its 200 day moving average is $7.53. Ørsted A/S has a fifty-two week low of $5.75 and a fifty-two week high of $9.04.

Analyst Ratings Changes

DNNGY has been the topic of a number of analyst reports. The Goldman Sachs Group cut Ørsted A/S from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 13th. Royal Bank Of Canada raised shares of Ørsted A/S to a “moderate buy” rating in a report on Tuesday, September 1st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Ørsted A/S

Ørsted A/S is a Danish renewable energy company focused primarily on developing, constructing, owning and operating offshore wind farms. Its activities also include onshore wind, solar power, energy storage and other renewable energy projects, as well as related operations and maintenance services.

The company was established in 1972 as Dansk Naturgas, later known as DONG Energy, and initially operated across oil, natural gas and conventional energy markets. Following a strategic transition away from fossil fuels, the company adopted the name Ørsted in 2017 to reflect its focus on renewable energy.