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

Ørsted A/S (OTCMKTS:DNNGY) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 3,500 shares, a decrease of 36.4% from the November 15th total of 5,500 shares. Based on an average daily trading volume, of 149,500 shares, the days-to-cover ratio is presently 0.0 days.

Ørsted A/S Trading Down 0.9 %

Shares of DNNGY stock traded down $0.15 on Friday, reaching $16.26. The company’s stock had a trading volume of 97,665 shares, compared to its average volume of 58,711. The stock’s fifty day simple moving average is $19.18 and its 200-day simple moving average is $19.55. Ørsted A/S has a 1 year low of $16.20 and a 1 year high of $22.44.

Analyst Upgrades and Downgrades

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

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.