Cadeler A/S (OTCMKTS:CADLF) Sees Large Drop in Short Interest

Cadeler A/S (OTCMKTS:CADLF) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 55,300 shares, a drop of 81.0% from the November 30th total of 290,600 shares. Based on an average daily volume of 100 shares, the short-interest ratio is currently 553.0 days.

Cadeler A/S Price Performance

Shares of Cadeler A/S stock remained flat at $5.98 on Friday. The company’s fifty day moving average is $6.82 and its two-hundred day moving average is $5.97. Cadeler A/S has a 12 month low of $5.98 and a 12 month high of $5.98.

Cadeler A/S Company Profile

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.