Wartsila (OTCMKTS:WRTBY) Sees Significant Drop in Short Interest

Wartsila (OTCMKTS:WRTBY) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 1,900 shares, adropof82.9% from the July 31st total of 11,100 shares. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 7,500 shares, the days-to-cover ratio is currently 0.3 days.

Wartsila Stock Up 4.5%

WRTBY stock opened at $5.81 on Thursday. The firm has a 50 day moving average of $5.38 and a 200 day moving average of $4.40. The stock has a market capitalization of $17.19 billion, a PE ratio of 29.05 and a beta of 1.20. The company has a quick ratio of 0.84, a current ratio of 1.22 and a debt-to-equity ratio of 0.13. Wartsila has a 52 week low of $2.78 and a 52 week high of $6.04.

Wartsila (OTCMKTS:WRTBY) last released its earnings results on Friday, July 18th. The company reported $0.05 EPS for the quarter. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Wartsila had a net margin of 8.19% and a return on equity of 22.76%. Sell-side analysts forecast that Wartsila will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets lowered shares of Wartsila from a “strong-buy” rating to a “hold” rating in a report on Friday, July 11th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Wartsila 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.