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

Ørsted A/S (OTCMKTS:DNNGYGet Rating) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 51,500 shares, an increase of 5.5% from the August 15th total of 48,800 shares. Based on an average daily trading volume, of 147,000 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DNNGY shares. Redburn Partners upgraded shares of Ørsted A/S from a “sell” rating to a “neutral” rating in a research note on Thursday, August 4th. UBS Group upgraded shares of Ørsted A/S from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 24th. Citigroup increased their price objective on shares of Ørsted A/S from 688.00 to 697.00 and gave the stock a “sell” rating in a report on Monday, August 15th. Finally, HSBC raised shares of Ørsted A/S from a “hold” rating to a “buy” rating in a report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ørsted A/S currently has an average rating of “Hold” and a consensus target price of $757.40.

Ørsted A/S Price Performance

Ørsted A/S stock opened at $30.34 on Wednesday. The company’s 50 day simple moving average is $35.38 and its 200 day simple moving average is $36.73. Ørsted A/S has a fifty-two week low of $30.14 and a fifty-two week high of $48.70.

About Ørsted A/S

(Get Rating)

Ørsted A/S, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants. It operates through Offshore, Onshore, and Markets & Bioenergy segments. The Offshore segment develops, constructs, owns, and operates offshore wind farms in the United Kingdom, Germany, Denmark, the Netherlands, the United States, Taiwan, Japan, and South Korea.

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