Wartsila (OTCMKTS:WRTBY) Stock Short Interest Report for September

Key Points

• Short interest fell sharply in Wärtsilä during September, dropping 46.6% to 77,380 shares as of September 30. Short interest represented approximately 0.0% of shares outstanding, with a short-interest ratio of 0.3 days.
• Analyst sentiment remains cautious overall: Wärtsilä has an average “Reduce” rating, with one Buy, three Hold, and three Sell ratings. Goldman Sachs upgraded the stock to Buy, while Citigroup maintained a Sell rating.
• Shares opened at $6.69, near the 50-day moving average of $6.67 and below the 200-day average of $7.38. The company recently exceeded revenue expectations, reporting $1.81 billion in quarterly revenue versus the $1.73 billion analyst estimate.

Wartsila (OTCMKTS:WRTBY - Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 77,380 shares, a drop of 46.6% from the September 15th total of 145,042 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 260,761 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on WRTBY. Citigroup reiterated a "sell" rating on shares of Wartsila in a research note on Monday, July 27th. The Goldman Sachs Group raised Wartsila from a "hold" rating to a "buy" rating in a report on Tuesday, October 6th. Finally, Oddo Bhf assumed coverage on Wartsila in a research report on Tuesday, July 7th. They set a "neutral" rating for the company. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Wartsila currently has an average rating of "Reduce".

Wartsila Stock Up 1.1%

Shares of OTCMKTS WRTBY opened at $6.69 on Wednesday. Wartsila has a 52-week low of $5.90 and a 52-week high of $9.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.89 and a current ratio of 1.24. The business has a fifty day moving average of $6.67 and a two-hundred day moving average of $7.38. The stock has a market cap of $19.79 billion, a PE ratio of 25.46 and a beta of 1.16.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last posted its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Wartsila had a net margin of 9.77% and a return on equity of 25.56%. As a group, equities research analysts expect that Wartsila will post 0.24 earnings per share for the current fiscal year.

About Wartsila

Wärtsilä Oyj Abp is a Finland-based technology company serving the marine and energy industries. The company develops and supplies solutions designed to support efficient, flexible and lower-emission power generation, energy management and marine operations.

In its Energy business, Wärtsilä provides flexible power plants, energy storage systems, energy management software and related services. These offerings are used by utilities, independent power producers and other energy-sector customers to balance electricity systems and integrate renewable generation.

Wärtsilä's Marine business supplies engines and propulsion systems, hybrid and integrated power solutions, exhaust treatment equipment, navigation and automation technologies, and other products and services for commercial vessels and other marine applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.