Ørsted A/S (OTCMKTS:DNNGY) Sees Large Decrease in Short Interest

Ørsted A/S (OTCMKTS:DNNGY) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 16,664 shares, a decline of 42.4% from the June 30th total of 28,942 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 247,458 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DNNGY shares. Morgan Stanley raised Ørsted A/S from an “equal weight” rating to an “overweight” rating in a research report on Thursday, May 14th. The Goldman Sachs Group raised Ørsted A/S from a “neutral” rating to a “buy” rating in a report on Monday, April 27th. Finally, Zacks Research upgraded Ørsted A/S to a “hold” rating in a research note on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Ørsted A/S Stock Down 0.1%

DNNGY opened at $7.16 on Thursday. The company has a fifty day moving average of $7.83 and a two-hundred day moving average of $7.85. Ørsted A/S has a fifty-two week low of $5.75 and a fifty-two week high of $33.02.

About Ørsted A/S

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.