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

Ørsted A/S (OTCMKTS:DNNGY) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 30,800 shares, an increase of 555.3% from the February 28th total of 4,700 shares. Based on an average trading volume of 170,400 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut Ørsted A/S from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 5th.

Ørsted A/S Price Performance

Shares of OTCMKTS:DNNGY traded up $0.15 during midday trading on Friday, hitting $14.92. The stock had a trading volume of 65,207 shares, compared to its average volume of 119,709. The company’s 50-day moving average price is $14.25 and its 200-day moving average price is $17.07. Ørsted A/S has a fifty-two week low of $11.73 and a fifty-two week high of $22.44.

About Ørsted A/S

Ørsted A/S, together with its subsidiaries, develops, constructs, owns, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. It operates through Offshore, Onshore, and Bioenergy & Other segments.