Wartsila (OTCMKTS:WRTBY) Shares Shorted: Short Interest Down 46.6% in September

Wartsila (OTCMKTS:WRTBY – Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 77,380 shares, a decline of 46.6% from the September 15th total of 145,042 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 260,761 shares, the short-interest ratio is presently 0.3 days.

Wartsila Trading Down 2.4%

OTCMKTS:WRTBY opened at $6.53 on Thursday. Wartsila has a 1 year low of $5.90 and a 1 year 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. The stock has a fifty day moving average price of $6.66 and a two-hundred day moving average price of $7.37. The stock has a market capitalization of $19.32 billion, a price-to-earnings ratio of 25.73 and a beta of 1.16.

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Wartsila (OTCMKTS:WRTBY – Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. As a group, sell-side analysts anticipate that Wartsila will post 0.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WRTBY. Citigroup reissued a “sell” rating on shares of Wartsila in a report on Monday, July 27th. The Goldman Sachs Group upgraded shares of Wartsila from a “hold” rating to a “buy” rating in a research report on Tuesday, October 6th. Finally, Oddo Bhf assumed coverage on Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

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Wartsila Company Profile

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Wärtsilä Oyj Abp is a Finland-based technology company serving the marine and energy industries. The company develops and supplies solutions designed to support efficient, flexible and lower-emission power generation, energy management and marine operations.

In its Energy business, Wärtsilä provides flexible power plants, energy storage systems, energy management software and related services. These offerings are used by utilities, independent power producers and other energy-sector customers to balance electricity systems and integrate renewable generation.

Wärtsilä’s Marine business supplies engines and propulsion systems, hybrid and integrated power solutions, exhaust treatment equipment, navigation and automation technologies, and other products and services for commercial vessels and other marine applications.

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