Vestas Wind Systems AS (OTCMKTS:VWDRY) Sees Large Growth in Short Interest

Vestas Wind Systems AS (OTCMKTS:VWDRY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 217,538 shares, an increase of 250.8% from the September 30th total of 62,016 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 353,025 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VWDRY shares. Berenberg Bank upgraded Vestas Wind Systems AS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Citigroup restated a “buy” rating on shares of Vestas Wind Systems AS in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Vestas Wind Systems AS in a report on Friday, August 14th. Four analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Vestas Wind Systems AS Price Performance

VWDRY stock opened at $9.53 on Friday. The stock has a market cap of $28.46 billion, a PE ratio of 22.16, a P/E/G ratio of 0.72 and a beta of 1.03. Vestas Wind Systems AS has a 12 month low of $6.62 and a 12 month high of $11.36. The company has a 50-day moving average price of $10.16 and a 200 day moving average price of $9.46. The company has a current ratio of 1.03, a quick ratio of 0.66 and a debt-to-equity ratio of 0.81.

Vestas Wind Systems AS (OTCMKTS:VWDRY) last posted its quarterly earnings data on Wednesday, August 12th. The energy company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.19 billion. Vestas Wind Systems AS had a net margin of 5.42% and a return on equity of 29.07%. Equities research analysts anticipate that Vestas Wind Systems AS will post 0.52 earnings per share for the current year.

About Vestas Wind Systems AS

Vestas Wind Systems A/S is a Denmark-based renewable energy company that designs, manufactures, installs and services wind turbines. Its products and solutions are used in onshore and offshore wind energy projects, supported by digital monitoring, maintenance and lifecycle services intended to improve turbine performance and reliability.

The company serves utilities, independent power producers, commercial customers and other energy developers across major wind markets worldwide. Its activities cover the wind project lifecycle, including turbine supply, installation, commissioning, service agreements, spare parts and other operational support.

Vestas traces its origins to 1945, when it was established in Denmark as a manufacturer of household appliances and later agricultural machinery.