Short Interest in Wartsila (OTCMKTS:WRTBY) Grows By 115.8%

Key Points

• Wartsila's short interest increased by 115.8% in August, reaching a total of 4,100 shares as of August 31st.
• The company reported earnings of $0.05 per share for the last quarter, with revenue slightly below estimates at $1.95 billion.
• Analysts have downgraded Wartsila, with Kepler Capital Markets changing its rating from "strong-buy" to "hold" and Citigroup from "hold" to "sell".

Wartsila (OTCMKTS:WRTBY - Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,100 shares, a growth of 115.8% from the August 15th total of 1,900 shares. Based on an average trading volume of 12,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company's shares are sold short. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 12,000 shares, the days-to-cover ratio is presently 0.3 days.

Wartsila Stock Up 5.1%

OTCMKTS WRTBY traded up $0.30 on Monday, reaching $6.21. The company had a trading volume of 4,159 shares, compared to its average volume of 5,566. The firm has a market capitalization of $18.37 billion, a price-to-earnings ratio of 31.05 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 1.22. Wartsila has a 1-year low of $2.78 and a 1-year high of $6.33. The company's fifty day moving average is $5.57 and its 200-day moving average is $4.52.

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

Analyst Ratings Changes

WRTBY has been the subject of a number of analyst reports. Citigroup cut Wartsila from a "hold" rating to a "sell" rating in a research note on Thursday, September 4th. Kepler Capital Markets cut Wartsila from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Wartsila presently has a consensus rating of "Reduce".

Wartsila Company Profile

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.