Wartsila (OTCMKTS:WRTBY) Stock Short Interest Jumps 91.6%

Wartsila (OTCMKTS:WRTBY) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 148,282 shares, a growth of 91.6% from the September 30th total of 77,380 shares. Based on an average daily volume of 332,890 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Wartsila Price Performance

Wartsila stock opened at $5.68 on Tuesday. The business’s 50-day simple moving average is $6.49 and its two-hundred day simple moving average is $7.46. The company has a market cap of $16.80 billion, a PE ratio of 22.65 and a beta of 1.16. Wartsila has a fifty-two week low of $5.59 and a fifty-two week high of $9.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.07 earnings per share for the quarter. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.70 billion. Wartsila had a net margin of 9.12% and a return on equity of 25.16%. Equities analysts anticipate that Wartsila will post 0.24 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup reiterated a “sell” rating on shares of Wartsila in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft raised shares of Wartsila from a “hold” rating to a “buy” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group raised Wartsila from a “hold” rating to a “buy” rating in a research report on Tuesday, October 6th. Finally, Oddo Bhf initiated coverage on shares of Wartsila in a research note on Tuesday, July 7th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.