Short Interest in Vestas Wind Systems AS (OTCMKTS:VWDRY) Decreases By 68.9%

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 4,939 shares, a decrease of 68.9% from the May 31st total of 15,903 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 1,005,924 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Kepler Capital Markets raised Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Rothschild & Co Redburn upgraded shares of Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Vestas Wind Systems AS presently has an average rating of “Moderate Buy”.

Vestas Wind Systems AS Price Performance

Shares of OTCMKTS:VWDRY opened at $8.73 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.67 and a debt-to-equity ratio of 0.81. Vestas Wind Systems AS has a 1 year low of $4.90 and a 1 year high of $10.58. The business has a fifty day simple moving average of $9.53 and a 200 day simple moving average of $9.18. The firm has a market cap of $26.07 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 1.32 and a beta of 0.97.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last issued its earnings results on Wednesday, May 6th. The energy company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Vestas Wind Systems AS had a return on equity of 24.02% and a net margin of 4.44%.The firm had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.48 billion. As a group, sell-side analysts predict that Vestas Wind Systems AS will post 0.44 earnings per share for the current fiscal year.

Vestas Wind Systems AS Company Profile

Vestas Wind Systems A/S (OTCMKTS: VWDRY) is a Danish company that develops, manufactures, installs and services wind turbines and related solutions for the global wind energy industry. The company is known for providing complete wind power solutions across a project’s lifecycle, from initial site assessment and turbine design through to installation, commissioning and long?term operations and maintenance.

Vestas’ product and service offering spans turbine platforms for onshore and offshore wind, along with key components such as blades, nacelles and towers.