Ørsted A/S (OTCMKTS:DNNGY) Sees Significant Drop in Short Interest

Ørsted A/S (OTCMKTS:DNNGY) was the recipient of a large decline in short interest in 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 244,108 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

Ørsted A/S Price Performance

Ørsted A/S stock opened at $8.18 on Wednesday. Ørsted A/S has a 52 week low of $5.75 and a 52 week high of $33.02. The stock has a fifty day moving average of $8.47 and a 200-day moving average of $7.64.

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.