Wartsila (OTCMKTS:WRTBY) Short Interest Up 456.1% in September

Wartsila (OTCMKTS:WRTBY) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 22,800 shares, an increase of 456.1% from the August 31st total of 4,100 shares. Based on an average daily trading volume, of 10,900 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily trading volume, of 10,900 shares, the days-to-cover ratio is currently 2.1 days.

Wartsila Stock Performance

OTCMKTS:WRTBY opened at $6.00 on Thursday. 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 fifty-two week low of $2.78 and a fifty-two week high of $6.40. The stock has a market cap of $17.75 billion, a PE ratio of 30.00 and a beta of 1.16. The firm’s fifty day simple moving average is $5.82 and its 200-day simple moving average is $4.69.

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

Wartsila Dividend Announcement

The firm also recently announced a dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be issued a dividend of $0.0231 per share. This represents a yield of 72.0%. The ex-dividend date is Wednesday, September 17th. Wartsila’s dividend payout ratio (DPR) is 15.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Kepler Capital Markets downgraded shares of Wartsila from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 11th. Citigroup downgraded shares of Wartsila from a “hold” rating to a “sell” rating in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

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.