Wartsila (OTCMKTS:WRTBY) Sees Large Drop in Short Interest

Wartsila (OTCMKTS:WRTBY) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 10,063 shares, a decrease of 44.8% from the July 30th total of 18,242 shares. Based on an average trading volume of 79,247 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wartsila Stock Performance

OTCMKTS WRTBY opened at $6.72 on Monday. The firm has a market capitalization of $19.88 billion, a P/E ratio of 25.85 and a beta of 1.26. The stock has a 50-day simple moving average of $6.94 and a two-hundred day simple moving average of $7.73. 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 has a fifty-two week low of $5.56 and a fifty-two week high of $9.49.

Wartsila (OTCMKTS:WRTBY) last issued its earnings results on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.73 billion. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. On average, equities analysts forecast that Wartsila will post 0.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WRTBY. Citigroup reiterated a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. UBS Group downgraded Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Oddo Bhf started coverage on Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group raised shares of 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

About Wartsila

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.