Cadeler A/S (NYSE:CDLR) Sees Significant Decline in Short Interest

Cadeler A/S (NYSE:CDLR) saw a significant drop in short interest in August. As of August 15th, there was short interest totalling 669,900 shares, a drop of 5.9% from the July 31st total of 712,200 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 62,200 shares, the days-to-cover ratio is currently 10.8 days.

Institutional Investors Weigh In On Cadeler A/S

A number of institutional investors have recently added to or reduced their stakes in the stock. Trium Capital LLP lifted its holdings in Cadeler A/S by 39.5% during the second quarter. Trium Capital LLP now owns 16,363 shares of the company’s stock valued at $410,000 after purchasing an additional 4,636 shares in the last quarter. Summit Securities Group LLC lifted its stake in Cadeler A/S by 129.0% in the 2nd 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. Encompass Capital Advisors LLC boosted its holdings in Cadeler A/S by 1.2% in the 2nd quarter. Encompass Capital Advisors LLC now owns 1,015,310 shares of the company’s stock worth $25,413,000 after buying an additional 11,638 shares during the last quarter. NBC Securities Inc. purchased a new stake in Cadeler A/S during the 4th quarter worth approximately $331,000. Finally, Privium Fund Management UK Ltd acquired a new position in shares of Cadeler A/S during the fourth quarter valued at approximately $1,337,000. Institutional investors and hedge funds own 53.03% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cadeler A/S Trading Up 1.1 %

Shares of Cadeler A/S stock opened at $26.69 on Monday. The firm has a 50-day simple moving average of $25.65 and a two-hundred day simple moving average of $21.73. The company has a current ratio of 2.29, a quick ratio of 3.51 and a debt-to-equity ratio of 0.30. Cadeler A/S has a fifty-two week low of $16.29 and a fifty-two week high of $27.32.

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.