Ørsted A/S (OTCMKTS:DNNGY) Short Interest Update

Ørsted A/S (OTCMKTS:DNNGY) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 9,137 shares, a decline of 94.8% from the May 14th total of 176,555 shares. Based on an average trading volume of 244,108 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Ørsted A/S Stock Performance

DNNGY traded up $0.02 on Tuesday, reaching $8.18. 128,130 shares of the company traded hands, compared to its average volume of 156,893. The stock’s 50 day moving average price is $8.47 and its 200-day moving average price is $7.64. Ørsted A/S has a 52-week low of $5.75 and a 52-week high of $33.02.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DNNGY. Zacks Research raised shares of Ørsted A/S to a “hold” rating in a research report on Thursday, May 21st. Morgan Stanley raised shares of Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 14th. Finally, The Goldman Sachs Group raised shares of Ørsted A/S from a “neutral” rating to a “buy” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.