Short Interest in Wartsila (OTCMKTS:WRTBY) Increases By 3,585.3%

Wartsila (OTCMKTS:WRTBY) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 18,242 shares, a growth of 3,585.3% from the July 15th total of 495 shares. Based on an average daily volume of 129,915 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WRTBY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Oddo Bhf assumed coverage on Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating on the stock. Citigroup restated a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Wartsila Trading Down 0.7%

Wartsila stock traded down $0.04 during mid-day trading on Tuesday, hitting $6.71. The company’s stock had a trading volume of 28,398 shares, compared to its average volume of 34,547. The stock’s fifty day moving average is $7.25 and its two-hundred day moving average is $7.84. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $19.85 billion, a PE ratio of 25.81 and a beta of 1.26. Wartsila has a 1 year low of $5.44 and a 1 year high of $9.49.

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

About Wartsila

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.