Ørsted A/S (OTCMKTS:DNNGY) Sees Significant Drop in Short Interest

Ørsted A/S (OTCMKTS:DNNGY) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 3,200 shares, a decline of 8.6% from the November 30th total of 3,500 shares. Based on an average trading volume of 179,600 shares, the short-interest ratio is currently 0.0 days.

Ørsted A/S Stock Performance

Shares of OTCMKTS:DNNGY traded down $0.16 during midday trading on Wednesday, hitting $14.93. The company’s stock had a trading volume of 89,493 shares, compared to its average volume of 61,433. Ørsted A/S has a 12-month low of $14.74 and a 12-month high of $22.44. The business’s 50 day simple moving average is $17.67 and its 200 day simple moving average is $19.18.

Wall Street Analyst Weigh In

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

Ørsted A/S Company Profile

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.