Vestas Wind Systems A/S (OTCMKTS:VWDRY) Short Interest Down 96.8% in October

Vestas Wind Systems A/S (OTCMKTS:VWDRY) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 600 shares, a drop of 96.8% from the October 15th total of 18,900 shares. Based on an average daily trading volume, of 991,300 shares, the days-to-cover ratio is presently 0.0 days.

Vestas Wind Systems A/S Trading Down 2.4 %

Shares of OTCMKTS VWDRY opened at $4.85 on Tuesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 0.53. Vestas Wind Systems A/S has a 52-week low of $4.81 and a 52-week high of $10.62. The business’s 50 day moving average is $6.80 and its two-hundred day moving average is $7.80.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last announced its quarterly earnings results on Wednesday, August 14th. The energy company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.07). The company had revenue of $3.55 billion for the quarter. Vestas Wind Systems A/S had a return on equity of 1.71% and a net margin of 0.32%. As a group, equities research analysts predict that Vestas Wind Systems A/S will post 0.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have 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. Citigroup upgraded Vestas Wind Systems A/S to a “strong-buy” rating in a research note on Wednesday, October 2nd.

Vestas Wind Systems A/S Company Profile

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.