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 decline in short interest in the month of October. As of October 15th, there was short interest totalling 18,900 shares, a decline of 82.7% from the September 30th total of 109,400 shares. Based on an average daily trading volume, of 745,400 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Vestas Wind Systems A/S to a “strong-buy” rating in a report on Wednesday, October 2nd.

Vestas Wind Systems A/S Trading Up 0.5 %

Shares of OTCMKTS:VWDRY opened at $6.28 on Friday. Vestas Wind Systems A/S has a 52 week low of $5.99 and a 52 week high of $10.62. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.53 and a current ratio of 1.02. The company’s fifty day moving average is $7.24 and its 200-day moving average is $8.04.

Vestas Wind Systems A/S (OTCMKTS:VWDRY) last issued its 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). Vestas Wind Systems A/S had a negative net margin of 0.32% and a negative return on equity of 1.60%. The firm had revenue of $3.55 billion during the quarter. On average, equities analysts forecast that Vestas Wind Systems A/S will post 0.17 EPS for the current fiscal year.

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.