Short Interest in Cadeler A/S (NYSE:CDLR) Drops By 7.3%

Cadeler A/S (NYSE:CDLR) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 712,200 shares, a drop of 7.3% from the July 15th total of 768,100 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 95,400 shares, the days-to-cover ratio is presently 7.5 days.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus upped their price target on shares of Cadeler A/S from $34.00 to $37.00 and gave the company a “buy” rating in a report on Monday, June 24th.

Cadeler A/S Price Performance

Shares of NYSE:CDLR opened at $26.15 on Monday. The company’s fifty day moving average is $25.04 and its two-hundred day moving average is $21.11. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 3.51. Cadeler A/S has a 1-year low of $16.29 and a 1-year high of $26.15.

Cadeler A/S (NYSE:CDLR) last posted its earnings results on Tuesday, May 28th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.11. The business had revenue of $20.70 million during the quarter, compared to analyst estimates of $14.36 million. Equities research analysts forecast that Cadeler A/S will post 0.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Cadeler A/S

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NBC Securities Inc. acquired a new stake in shares of Cadeler A/S in the 4th quarter worth approximately $331,000. Trium Capital LLP raised its holdings in Cadeler A/S by 39.5% during the 2nd quarter. Trium Capital LLP now owns 16,363 shares of the company’s stock worth $410,000 after buying an additional 4,636 shares during the period. Summit Securities Group LLC lifted its stake in Cadeler A/S by 129.0% during the second quarter. Summit Securities Group LLC now owns 19,584 shares of the company’s stock valued at $490,000 after buying an additional 11,031 shares in the last quarter. Privium Fund Management UK Ltd acquired a new position in shares of Cadeler A/S in the fourth quarter worth about $1,337,000. Finally, Cowen AND Company LLC purchased a new position in shares of Cadeler A/S in the fourth quarter worth approximately $1,566,000. Institutional investors own 53.03% of the company’s stock.

About Cadeler A/S

Cadeler A/S operates as an offshore wind farm transportation and installation contractor in Denmark. It also provides wind farm construction, maintenance, decommissioning, and other tasks within the offshore industry, as well as marine and engineering services. The company owns and operates four offshore jack-up windfarm installation vessels.