Wartsila (OTCMKTS:WRTBY) Short Interest Update

Wartsila (OTCMKTS:WRTBY) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 145,042 shares, a growth of 502.5% from the August 31st total of 24,074 shares. Based on an average daily volume of 209,209 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Wartsila Trading Up 1.2%

WRTBY opened at $6.65 on Friday. The company’s 50 day moving average price is $6.73 and its two-hundred day moving average price is $7.47. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of 25.58 and a beta of 1.25. Wartsila has a fifty-two week low of $5.77 and a fifty-two week high of $9.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.89.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.73 billion. As a group, research analysts predict that Wartsila will post 0.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Finally, Oddo Bhf assumed coverage on shares of Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating for the company. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Wartsila has a consensus rating of “Reduce”.

About Wartsila

Wärtsilä Oyj is a Finland-based technology company serving the marine and energy industries. Its businesses focus on improving the efficiency, flexibility and environmental performance of power generation and marine transportation.

In the energy sector, Wärtsilä provides flexible engine-based power plants, energy storage systems, lifecycle services, energy management software and related integration solutions. Its marine business offers engines, propulsion systems, hybrid technologies, exhaust-treatment equipment, electrical and automation systems, digital solutions, and maintenance services for commercial and other vessels.

Founded in Finland in 1834, Wärtsilä serves customers internationally through operations, projects and service networks across major maritime and energy markets.