Ørsted A/S (OTCMKTS:DNNGY) Short Interest Down 94.8% in May

Ørsted A/S (OTCMKTS:DNNGY) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 9,137 shares, a decline of 94.8% from the May 14th total of 176,555 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 244,108 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

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

Ørsted A/S Price Performance

Shares of Ørsted A/S stock traded up $0.13 on Thursday, reaching $8.06. 16,983 shares of the company’s stock were exchanged, compared to its average volume of 155,284. Ørsted A/S has a 52 week low of $5.75 and a 52 week high of $33.02. The firm’s 50-day moving average is $8.47 and its two-hundred day moving average is $7.65.

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.