Vestas Wind Systems A/S (OTCMKTS:VWDRY) Sees Large Increase in Short Interest


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Vestas Wind Systems A/S (OTCMKTS:VWDRY) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 20,700 shares, a growth of 72.5% from the December 15th total of 12,000 shares. Based on an average trading volume of 98,700 shares, the days-to-cover ratio is presently 0.2 days.

VWDRY has been the topic of a number of recent research reports. Smith Barney Citigroup restated a “buy” rating on shares of Vestas Wind Systems A/S in a report on Friday, January 8th. Morgan Stanley reissued an “equal weight” rating on shares of Vestas Wind Systems A/S in a report on Tuesday, December 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Vestas Wind Systems A/S in a report on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Vestas Wind Systems A/S in a research note on Friday, November 6th. Finally, Danske cut shares of Vestas Wind Systems A/S from a “buy” rating to a “hold” rating in a report on Monday, January 4th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $67.00.

OTCMKTS VWDRY opened at $78.95 on Thursday. The company’s fifty day moving average is $73.74 and its two-hundred day moving average is $56.40. Vestas Wind Systems A/S has a 52-week low of $22.50 and a 52-week high of $87.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.10 and a quick ratio of 0.59. The firm has a market capitalization of $47.84 billion, a price-to-earnings ratio of 89.72 and a beta of 0.89.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last released its earnings results on Wednesday, November 4th. The energy company reported $0.56 earnings per share for the quarter. Vestas Wind Systems A/S had a net margin of 3.12% and a return on equity of 13.89%. The business had revenue of $5.58 billion during the quarter. As a group, sell-side analysts expect that Vestas Wind Systems A/S will post 1.06 earnings per share for the current fiscal year.

About Vestas Wind Systems A/S

Vestas Wind Systems A/S designs, manufactures, installs, and services wind turbines worldwide. The company operates in two segments, Power Solutions and Service. The Power Solutions segment sells wind power plants, wind turbines, development sites, etc. The Service segment engages in the sale of service contracts, spare parts, and related activities.

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