Ørsted A/S (OTCMKTS:DNNGY) Short Interest Down 36.4% in November

Ørsted A/S (OTCMKTS:DNNGY) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 3,500 shares, a decline of 36.4% from the November 15th total of 5,500 shares. Based on an average daily trading volume, of 149,500 shares, the short-interest ratio is currently 0.0 days.

Ørsted A/S Price Performance

DNNGY traded down $0.15 during trading on Friday, reaching $16.26. 97,665 shares of the company’s stock were exchanged, compared to its average volume of 58,711. Ørsted A/S has a fifty-two week low of $16.20 and a fifty-two week high of $22.44. The company’s fifty day moving average price is $19.18 and its 200-day moving average price is $19.55.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut shares of Ørsted A/S from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 5th.

About Ørsted A/S

Ørsted A/S, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. It operates through Offshore, Onshore, and Bioenergy & Other segments.