Short Interest in Wartsila (OTCMKTS:WRTBY) Declines By 98.5%

Wartsila (OTCMKTS:WRTBY) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 495 shares, a decline of 98.5% from the June 30th total of 32,384 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 150,137 shares, the short-interest ratio is presently 0.0 days.

Wartsila Stock Performance

Shares of OTCMKTS WRTBY opened at $6.86 on Friday. The company has a 50-day simple moving average of $7.55 and a 200-day simple moving average of $7.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04. The company has a market cap of $20.30 billion, a PE ratio of 26.39 and a beta of 1.24. Wartsila has a 12 month low of $5.36 and a 12 month high of $9.49.

Wartsila (OTCMKTS:WRTBY) last announced its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Wartsila had a net margin of 9.77% and a return on equity of 24.27%. On average, equities analysts anticipate that Wartsila will post 0.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group lowered shares of Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Oddo Bhf assumed coverage on Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. Finally, Citigroup reissued a “sell” rating on shares of Wartsila in a report on Wednesday, July 1st. Four equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Wartsila has an average rating of “Reduce”.

Wartsila Company Profile

Wärtsilä (OTCMKTS: WRTBY) is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company’s Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.