Wartsila (OTCMKTS:WRTBY) Sees Significant Increase in Short Interest

Wartsila (OTCMKTS:WRTBY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 22,800 shares, a growth of 456.1% from the August 31st total of 4,100 shares. Based on an average daily trading volume, of 10,900 shares, the short-interest ratio is currently 2.1 days. Based on an average daily trading volume, of 10,900 shares, the short-interest ratio is currently 2.1 days.

Wartsila Stock Performance

WRTBY opened at $6.00 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.22 and a quick ratio of 0.84. Wartsila has a fifty-two week low of $2.78 and a fifty-two week high of $6.40. The company’s 50 day moving average price is $5.83 and its two-hundred day moving average price is $4.71. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 30.00 and a beta of 1.16.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Friday, July 18th. The company reported $0.05 EPS for the quarter. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. Wartsila had a net margin of 8.19% and a return on equity of 22.76%. As a group, research analysts predict that Wartsila will post 0.18 earnings per share for the current year.

Wartsila Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.0231 per share. This represents a dividend yield of 72.0%. The ex-dividend date is Wednesday, September 17th. Wartsila’s dividend payout ratio (DPR) is 15.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented on WRTBY shares. Kepler Capital Markets downgraded shares of Wartsila from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 11th. Citigroup cut Wartsila from a “hold” rating to a “sell” rating in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Wartsila has a consensus rating of “Reduce”.

About Wartsila

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers engine power plant products, such as gas, multi-fuel, and diesel engines; GEMS Digital Energy Platform, a smart software platform that monitors, controls, and optimizes energy assets on site and portfolio levels; GridSolv Quantum, a fully integrated energy storage solution, which enables ease of deployment and sustainable energy optimization; GEMS Power Plant Controllers; GEMS Fleet Director, which provides centralized real-time visibility into a global fleet of power plants; and GEMS Grid Controller that conducts intelligent grid control and optimized power management for microgrids of various sizes.