Cadeler A/S (NYSE:CDLR) Short Interest Update

Cadeler A/S (NYSE:CDLR) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 601,700 shares, a growth of 5.1% from the December 15th 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 company’s shares are sold short.

Cadeler A/S Price Performance

NYSE:CDLR opened at $20.73 on Tuesday. The stock’s 50-day moving average is $23.08 and its 200-day moving average is $25.18. Cadeler A/S has a 1-year low of $16.29 and a 1-year high of $28.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.81 and a current ratio of 1.82.

Hedge Funds Weigh In On Cadeler A/S

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in shares of Cadeler A/S in the fourth quarter worth $52,000. BNP Paribas Financial Markets acquired a new position in Cadeler A/S during the 3rd quarter worth about $248,000. JPMorgan Chase & Co. grew its position in shares of Cadeler A/S by 19.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 71,171 shares of the company’s stock valued at $2,006,000 after buying an additional 11,483 shares during the last quarter. Price Jennifer C. acquired a new stake in shares of Cadeler A/S in the second quarter valued at about $1,955,000. Finally, Yaupon Capital Management LP raised its position in shares of Cadeler A/S by 61.0% during the third quarter. Yaupon Capital Management LP now owns 114,641 shares of the company’s stock worth $3,231,000 after acquiring an additional 43,435 shares during the last quarter. 53.03% of the stock is currently owned by institutional investors and hedge funds.

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.