Wartsila (OTCMKTS:WRTBY) Stock Short Interest Rises 502.5%

Key Points

• Short interest surged 502.5% to 145,042 shares as of September 15, up from 24,074 shares at the end of August. Despite the increase, short interest represents 0.0% of shares, with a 0.7-day short-interest ratio.
• Wärtsilä shares opened at $6.57, below their 50-day moving average of $6.73 and 200-day moving average of $7.47. The stock has traded between $5.77 and $9.49 over the past year and carries a $19.44 billion market capitalization.
• The company beat quarterly revenue estimates, reporting $1.81 billion versus analysts’ $1.73 billion forecast and $0.06 in EPS. However, analyst sentiment remains cautious, with a consensus “Reduce” rating based on four Holds and three Sells.

Wartsila (OTCMKTS:WRTBY - Get Free Report) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 145,042 shares, a growth of 502.5% from the August 31st total of 24,074 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 209,209 shares, the short-interest ratio is currently 0.7 days.

Wartsila Stock Performance

Shares of WRTBY stock opened at $6.57 on Friday. Wartsila has a 52-week low of $5.77 and a 52-week high of $9.49. The company has a quick ratio of 0.89, a current ratio of 1.24 and a debt-to-equity ratio of 0.10. The stock has a market cap of $19.44 billion, a PE ratio of 25.27 and a beta of 1.25. The business has a 50-day simple moving average of $6.73 and a 200-day simple moving average of $7.47.

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

Analysts Set New Price Targets

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

Wartsila Company Profile

Wärtsilä Oyj is a Finland-based technology company serving the marine and energy industries. Its businesses focus on improving the efficiency, flexibility and environmental performance of power generation and marine transportation.

In the energy sector, Wärtsilä provides flexible engine-based power plants, energy storage systems, lifecycle services, energy management software and related integration solutions. Its marine business offers engines, propulsion systems, hybrid technologies, exhaust-treatment equipment, electrical and automation systems, digital solutions, and maintenance services for commercial and other vessels.

Founded in Finland in 1834, Wärtsilä serves customers internationally through operations, projects and service networks across major maritime and energy markets.

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