Wartsila (OTCMKTS:WRTBY) Short Interest Down 44.8% in August

Key Points

• Short interest in Wärtsilä fell 44.8% in August to 10,063 shares, representing 0.0% of shares outstanding and just 0.1 days to cover based on average trading volume.
• Analyst sentiment remains cautious: four analysts rate the stock Hold and three rate it Sell, giving Wärtsilä an overall “Reduce” rating. Recent changes included Goldman Sachs upgrading it from Strong Sell to Neutral and UBS downgrading it from Buy to Neutral.
• Wärtsilä reported quarterly revenue of $1.81 billion, above the $1.73 billion analyst estimate, and earnings of $0.06 per share; analysts expect full-year EPS of $0.25.

Wartsila (OTCMKTS:WRTBY - Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 10,063 shares, a decrease of 44.8% from the July 30th total of 18,242 shares. Based on an average daily volume of 79,247 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of brokerages recently weighed in on WRTBY. The Goldman Sachs Group raised shares of Wartsila from a "strong sell" rating to a "neutral" rating in a report on Thursday, June 4th. Citigroup reaffirmed a "sell" rating on shares of Wartsila in a report on Monday, July 27th. Oddo Bhf assumed coverage on Wartsila in a research report on Tuesday, July 7th. They issued a "neutral" rating on the stock. Finally, UBS Group cut Wartsila from a "buy" rating to a "neutral" rating in a research note on Thursday, May 28th. Four investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce".

Wartsila Stock Performance

Wartsila stock opened at $6.72 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. Wartsila has a 1 year low of $5.56 and a 1 year high of $9.49. The company has a market cap of $19.88 billion, a PE ratio of 25.85 and a beta of 1.26. The company's 50-day moving average is $6.94 and its two-hundred day moving average is $7.73.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Equities analysts anticipate that Wartsila will post 0.25 earnings per share 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.

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