Wartsila (OTCMKTS:WRTBY) Sees Significant Decline in Short Interest

Key Points

• Short Interest Decline: Wartsila experienced a significant drop in short interest of 82.9% in August, with 1,900 shares short compared to 11,100 shares at the end of July.
• Stock Performance: Wartsila's stock fell 5.9% to $5.56, with a market cap of $16.45 billion and a P/E ratio of 27.80.
• Analyst Ratings: Kepler Capital Markets downgraded Wartsila from a "strong-buy" to a "hold" rating, with the consensus rating currently at "hold" from two equity research analysts.

Wartsila (OTCMKTS:WRTBY - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 1,900 shares, adropof82.9% from the July 31st total of 11,100 shares. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 7,500 shares, the short-interest ratio is currently 0.3 days.

Wartsila Price Performance

Shares of WRTBY stock traded down $0.07 during mid-day trading on Friday, hitting $5.68. The company had a trading volume of 4,591 shares, compared to its average volume of 4,707. Wartsila has a 52-week low of $2.78 and a 52-week high of $6.04. The stock's 50 day moving average price is $5.43 and its 200-day moving average price is $4.43. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.22 and a quick ratio of 0.84. The company has a market capitalization of $16.79 billion, a P/E ratio of 28.38 and a beta of 1.20.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last posted its earnings results on Friday, July 18th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.96 billion. Wartsila had a net margin of 8.19% and a return on equity of 22.76%. Equities research analysts forecast that Wartsila will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WRTBY. Citigroup lowered Wartsila from a "hold" rating to a "sell" rating in a research note on Thursday. Kepler Capital Markets downgraded Wartsila from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 11th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce".

About Wartsila

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers engine power plant products, such as gas, multi-fuel, and diesel engines; GEMS Digital Energy Platform, a smart software platform that monitors, controls, and optimizes energy assets on site and portfolio levels; GridSolv Quantum, a fully integrated energy storage solution, which enables ease of deployment and sustainable energy optimization; GEMS Power Plant Controllers; GEMS Fleet Director, which provides centralized real-time visibility into a global fleet of power plants; and GEMS Grid Controller that conducts intelligent grid control and optimized power management for microgrids of various sizes.