Short Interest in Wartsila (OTCMKTS:WRTBY) Rises By 3,585.3%

Key Points

• Wärtsilä’s short interest surged 3,585.3% to 18,242 shares by July 31, up from 495 shares two weeks earlier. Despite the increase, short interest represented 0.0% of shares outstanding, with a short-interest ratio of just 0.1 days.
• Analyst sentiment remained cautious: four analysts rated the stock Hold and three rated it Sell, producing a consensus rating of “Reduce.”
• WRTBY traded at $6.71, below its 50-day and 200-day moving averages. In its latest quarter, Wärtsilä reported $0.06 EPS and $1.81 billion in revenue, exceeding analysts’ $1.73 billion estimate.

Wartsila (OTCMKTS:WRTBY - Get Free Report) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 18,242 shares, a growth of 3,585.3% from the July 15th total of 495 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 129,915 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

WRTBY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Wartsila in a research note on Thursday, April 30th. The Goldman Sachs Group raised Wartsila from a "strong sell" rating to a "neutral" rating in a report on Thursday, June 4th. Oddo Bhf assumed coverage on shares of Wartsila in a research note on Tuesday, July 7th. They set a "neutral" rating on the stock. UBS Group lowered shares of Wartsila from a "buy" rating to a "neutral" rating in a report on Thursday, May 28th. Finally, Citigroup reissued a "sell" rating on shares of Wartsila in a report on Monday, July 27th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Wartsila has a consensus rating of "Reduce".

Wartsila Price Performance

WRTBY traded down $0.04 during trading on Tuesday, hitting $6.71. The company's stock had a trading volume of 28,398 shares, compared to its average volume of 34,547. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 25.81 and a beta of 1.26. Wartsila has a twelve month low of $5.44 and a twelve month high of $9.49. The business's fifty day simple moving average is $7.25 and its 200 day simple moving average is $7.84. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a return on equity of 24.27% and a net margin of 9.77%.The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. On average, equities research analysts forecast that Wartsila will post 0.25 EPS for the current fiscal year.

Wartsila Company Profile

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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