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

Cadeler A/S (NYSE:CDLR - Get Free Report) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 601,700 shares, an increase of 5.1% from the December 15th total of 572,500 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily volume of 43,400 shares, the days-to-cover ratio is presently 13.9 days.

Cadeler A/S Stock Down 0.6 %

NYSE CDLR traded down $0.13 on Monday, reaching $20.73. 47,934 shares of the company's stock traded hands, compared to its average volume of 26,699. Cadeler A/S has a fifty-two week low of $16.29 and a fifty-two week high of $28.75. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.49. The stock has a 50 day moving average price of $23.08 and a 200-day moving average price of $25.18.

Institutional Investors Weigh In On Cadeler A/S

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in shares of Cadeler A/S during the 4th quarter worth about $52,000. BNP Paribas Financial Markets acquired a new position in Cadeler A/S in the 3rd quarter worth about $248,000. JPMorgan Chase & Co. boosted its position in Cadeler A/S by 19.2% during the third quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company's stock worth $2,006,000 after purchasing an additional 11,483 shares in the last quarter. Price Jennifer C. acquired a new stake in Cadeler A/S in the second quarter valued at approximately $1,955,000. Finally, Yaupon Capital Management LP raised its stake in shares of Cadeler A/S by 61.0% during the 3rd quarter. Yaupon Capital Management LP now owns 114,641 shares of the company's stock worth $3,231,000 after buying an additional 43,435 shares during the period. Institutional investors and hedge funds own 53.03% of the company's stock.

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.