Ørsted A/S (OTCMKTS:DNNGY) Short Interest Down 42.4% in July

Ørsted A/S (OTCMKTS:DNNGY) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 16,664 shares, a decline of 42.4% from the June 30th total of 28,942 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 247,458 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research raised Ørsted A/S to a “hold” rating in a research note on Thursday, May 21st. The Goldman Sachs Group upgraded shares of Ørsted A/S from a “neutral” rating to a “buy” rating in a research note on Monday, April 27th. Finally, Morgan Stanley raised Ørsted A/S from an “equal weight” rating to an “overweight” rating in a report on Thursday, May 14th. Two equities 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, the company presently has a consensus rating of “Moderate Buy”.

Ørsted A/S Trading Down 3.4%

Shares of DNNGY stock opened at $7.17 on Wednesday. The business’s 50 day moving average is $7.86 and its two-hundred day moving average is $7.84. Ørsted A/S has a twelve month low of $5.75 and a twelve month high of $33.02.

Ørsted A/S Company Profile

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.