Wartsila (OTCMKTS:WRTBY) Short Interest Up 139.2% in August

Wartsila (OTCMKTS:WRTBY – Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 24,074 shares, a growth of 139.2% from the August 15th total of 10,063 shares. Based on an average daily trading volume, of 80,575 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of equities analysts have weighed in on WRTBY shares. Oddo Bhf started coverage on Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating for the company. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. UBS Group downgraded shares of Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Finally, Citigroup reaffirmed a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

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Wartsila Stock Up 0.4%

Wartsila stock traded up $0.03 during midday trading on Friday, hitting $6.67. The stock had a trading volume of 178,504 shares, compared to its average volume of 53,743. The business has a fifty day moving average price of $6.79 and a 200 day moving average price of $7.60. Wartsila has a 12 month low of $5.77 and a 12 month high of $9.49. The stock has a market cap of $19.73 billion, a P/E ratio of 25.65 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10.

Wartsila (OTCMKTS:WRTBY – Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. Research analysts predict that Wartsila will post 0.25 EPS for the current year.

About Wartsila

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Wärtsilä Oyj is a Finland-based technology company serving the marine and energy industries. Its businesses focus on improving the efficiency, flexibility and environmental performance of power generation and marine transportation.

In the energy sector, Wärtsilä provides flexible engine-based power plants, energy storage systems, lifecycle services, energy management software and related integration solutions. Its marine business offers engines, propulsion systems, hybrid technologies, exhaust-treatment equipment, electrical and automation systems, digital solutions, and maintenance services for commercial and other vessels.

Founded in Finland in 1834, Wärtsilä serves customers internationally through operations, projects and service networks across major maritime and energy markets.

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