Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Sees Large Increase in Short Interest

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 5,500 shares, an increase of 816.7% from the September 30th total of 600 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 3.9 days.

Analysts Set New Price Targets

Separately, Hsbc Global Res raised shares of Wärtsilä Oyj Abp to a “moderate sell” rating in a report on Friday, September 13th.

Wärtsilä Oyj Abp Stock Performance

OTCMKTS WRTBY opened at $4.52 on Friday. Wärtsilä Oyj Abp has a 52-week low of $2.08 and a 52-week high of $4.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 1.16. The company has a market capitalization of $13.31 billion, a P/E ratio of 45.20 and a beta of 1.06. The company has a fifty day moving average of $4.31 and a 200-day moving average of $4.07.

Wärtsilä Oyj Abp Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.0356 per share. This is an increase from Wärtsilä Oyj Abp’s previous dividend of $0.03. The ex-dividend date of this dividend was Wednesday, September 11th. Wärtsilä Oyj Abp’s payout ratio is currently 20.00%.

Wärtsilä Oyj Abp 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.