Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Short Interest Up 263.6% in May

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. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 11,500 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

WRTBY has been the topic of a number of recent research reports. Pareto Securities lowered Wärtsilä Oyj Abp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 26th. Kepler Capital Markets upgraded Wärtsilä Oyj Abp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th.

Wärtsilä Oyj Abp Trading Up 2.7%

Shares of WRTBY opened at $4.52 on Friday. Wärtsilä Oyj Abp has a 52-week low of $2.78 and a 52-week high of $4.69. The business’s fifty day moving average is $3.79 and its 200-day moving average is $3.77. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.79 and a current ratio of 1.24. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 25.11 and a beta of 1.10.

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