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 growth in short interest during the month of January. As of January 15th, there was short interest totalling 601,700 shares, a growth of 5.1% from the December 31st total of 572,500 shares. Based on an average daily volume of 43,400 shares, the days-to-cover ratio is currently 13.9 days. Approximately 0.7% of the shares of the company are sold short.

Cadeler A/S Trading Down 0.9 %

CDLR stock traded down $0.20 during midday trading on Thursday, reaching $21.06. 16,287 shares of the company were exchanged, compared to its average volume of 28,754. Cadeler A/S has a one year low of $16.29 and a one year high of $28.75. The business has a 50-day moving average price of $22.21 and a two-hundred day moving average price of $24.76. The company has a current ratio of 1.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.49.

Cadeler A/S (NYSE:CDLR - Get Free Report) last announced its earnings results on Tuesday, November 26th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Research analysts anticipate that Cadeler A/S will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On Cadeler A/S

Several institutional investors and hedge funds have recently made changes to their positions in the company. TT International Asset Management LTD lifted its holdings in Cadeler A/S by 71.6% during the 3rd quarter. TT International Asset Management LTD now owns 246,173 shares of the company's stock worth $6,937,000 after purchasing an additional 102,712 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of Cadeler A/S during the fourth quarter worth $52,000. SG Americas Securities LLC bought a new stake in shares of Cadeler A/S in the fourth quarter valued at about $2,603,000. BNP Paribas Financial Markets acquired a new position in shares of Cadeler A/S in the third quarter valued at about $248,000. Finally, JPMorgan Chase & Co. increased 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 acquiring an additional 11,483 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.