Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Sees Significant Increase in Short Interest

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 12,000 shares, an increase of 263.6% from the May 15th total of 3,300 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 11,500 shares, the short-interest ratio is currently 1.0 days.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on WRTBY shares. Pareto Securities cut shares of Wärtsilä Oyj Abp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 26th. Kepler Capital Markets upgraded shares of Wärtsilä Oyj Abp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 15th.

Wärtsilä Oyj Abp Stock Performance

Shares of WRTBY stock opened at $4.40 on Thursday. Wärtsilä Oyj Abp has a 12 month low of $2.78 and a 12 month high of $4.69. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.24 and a quick ratio of 0.79. The firm has a market capitalization of $12.96 billion, a P/E ratio of 24.44 and a beta of 1.10. The company’s fifty day moving average price is $3.77 and its two-hundred day moving average price is $3.76.

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

About Wärtsilä Oyj Abp

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.