Vestas Wind Systems A/S (OTCMKTS:VWDRY) Sees Significant Decline in Short Interest

Vestas Wind Systems A/S (OTCMKTS:VWDRY) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 28,100 shares, a decrease of 63.1% from the November 15th total of 76,100 shares. Based on an average daily trading volume, of 1,675,200 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Fearnley Fonds upgraded shares of Vestas Wind Systems A/S from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Berenberg Bank downgraded Vestas Wind Systems A/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, Citigroup upgraded Vestas Wind Systems A/S to a “strong-buy” rating in a report on Wednesday, October 2nd.

Vestas Wind Systems A/S Stock Performance

VWDRY opened at $4.44 on Friday. The company’s fifty day moving average price is $5.45 and its two-hundred day moving average price is $7.09. Vestas Wind Systems A/S has a 1-year low of $4.41 and a 1-year high of $10.62. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.54 and a current ratio of 1.02.

About Vestas Wind Systems A/S

Vestas Wind Systems A/S engages in the design, manufacture, installation, and services of wind turbines the United States, Denmark, and internationally. It operates in two segments, Power Solutions and Service. The Power Solutions segment offers onshore and offshore wind power plants, wind turbines, development sites, etc.