Wartsila (OTCMKTS:WRTBY) Short Interest Up 123.5% in June

Wartsila (OTCMKTS:WRTBY) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 32,384 shares, a growth of 123.5% from the June 15th total of 14,488 shares. Based on an average daily volume of 58,218 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are sold short.

Wartsila Stock Performance

Shares of WRTBY opened at $6.72 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. The company has a market capitalization of $19.88 billion, a price-to-earnings ratio of 26.88 and a beta of 1.24. The company’s 50 day simple moving average is $7.72 and its 200 day simple moving average is $7.93. Wartsila has a 1 year low of $4.75 and a 1 year high of $9.49.

Wartsila (OTCMKTS:WRTBY) last announced its earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. On average, sell-side analysts predict that Wartsila will post 0.24 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on WRTBY shares. Citigroup reiterated a “sell” rating on shares of Wartsila in a report on Wednesday, July 1st. Oddo Bhf initiated coverage on Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce”.

Wartsila Company Profile

Wärtsilä (OTCMKTS: WRTBY) is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company’s Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.