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

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VWDRY shares. Citigroup upgraded Vestas Wind Systems A/S to a “strong-buy” rating in a research report on Wednesday, October 2nd. Berenberg Bank cut shares of Vestas Wind Systems A/S from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 14th. Finally, 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.

Vestas Wind Systems A/S Trading Down 2.1 %

Shares of OTCMKTS VWDRY opened at $4.60 on Thursday. The stock’s fifty day moving average is $5.59 and its 200 day moving average is $7.16. Vestas Wind Systems A/S has a 52 week low of $4.45 and a 52 week 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.