Wartsila (OTCMKTS:WRTBY) Sees Large Growth in Short Interest

Wartsila (OTCMKTS:WRTBY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 148,282 shares, an increase of 91.6% from the September 30th total of 77,380 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 332,890 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Oddo Bhf started coverage on shares of Wartsila in a report on Tuesday, July 7th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft raised shares of Wartsila from a “hold” rating to a “buy” rating in a research note on Wednesday, October 21st. Finally, The Goldman Sachs Group upgraded Wartsila from a “hold” rating to a “buy” rating in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Wartsila presently has an average rating of “Reduce”.

Wartsila Stock Performance

Wartsila stock opened at $5.68 on Monday. Wartsila has a one year low of $5.59 and a one year high of $9.49. The firm has a market capitalization of $16.80 billion, a PE ratio of 23.67 and a beta of 1.17. The stock’s 50 day moving average price is $6.52 and its 200 day moving average price is $7.46. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings data on Tuesday, October 27th. The company reported $0.07 earnings per share for the quarter. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Wartsila had a net margin of 9.12% and a return on equity of 25.16%. As a group, sell-side analysts expect that Wartsila will post 0.24 EPS for the current fiscal year.

Wartsila Company Profile

Wärtsilä Oyj Abp is a Finland-based technology company that provides solutions for the marine and energy industries. The company develops and supplies engines, power-generation systems, energy storage solutions, and related equipment designed to support reliable, efficient and increasingly flexible energy production.

In its Marine business, Wärtsilä provides propulsion systems, engines, hybrid and electric solutions, ship design services, onboard equipment and digital technologies for commercial vessels, cruise ships, ferries and other marine applications.