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

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 24,800 shares, a growth of 350.9% from the October 15th total of 5,500 shares. Based on an average daily volume of 84,700 shares, the days-to-cover ratio is currently 0.3 days.

Wärtsilä Oyj Abp Price Performance

OTCMKTS:WRTBY opened at $4.33 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. Wärtsilä Oyj Abp has a 1-year low of $2.54 and a 1-year high of $4.69. The firm has a fifty day simple moving average of $4.31 and a 200 day simple moving average of $4.14. The stock has a market capitalization of $12.74 billion, a PE ratio of 28.83 and a beta of 1.08.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $1.89 billion during the quarter. Wärtsilä Oyj Abp had a net margin of 7.03% and a return on equity of 20.03%. On average, research analysts expect that Wärtsilä Oyj Abp will post 0.16 EPS for the current fiscal year.

Wärtsilä Oyj Abp Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 11th were issued a $0.0356 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This is a positive change from Wärtsilä Oyj Abp’s previous dividend of $0.03. Wärtsilä Oyj Abp’s dividend payout ratio (DPR) is 13.33%.

Wall Street Analyst Weigh In

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

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.