Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Sees Large Growth in Short Interest

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 8,800 shares, a growth of 144.4% from the March 31st total of 3,600 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 16,500 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Kepler Capital Markets upgraded Wärtsilä Oyj Abp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 15th. Pareto Securities lowered Wärtsilä Oyj Abp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 26th.

Wärtsilä Oyj Abp Stock Performance

Shares of Wärtsilä Oyj Abp stock opened at $3.42 on Wednesday. The firm has a market cap of $10.07 billion, a P/E ratio of 19.00 and a beta of 0.91. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.16. Wärtsilä Oyj Abp has a 12 month low of $2.78 and a 12 month high of $4.69. The stock’s fifty day moving average price is $3.70 and its 200-day moving average price is $3.79.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.04 EPS for the quarter. Wärtsilä Oyj Abp had a return on equity of 21.67% and a net margin of 7.81%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.66 billion. On average, equities research analysts expect that Wärtsilä Oyj Abp will post 0.18 earnings per share for the current fiscal year.

Wärtsilä Oyj Abp Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 8th. Shareholders of record on Monday, March 17th were paid a $0.0456 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Wärtsilä Oyj Abp’s previous dividend of $0.04. Wärtsilä Oyj Abp’s payout ratio is 10.53%.

Wärtsilä Oyj Abp Company Profile

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.