Wartsila (OTCMKTS:WRTBY) Short Interest Up 115.8% in August

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) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 4,100 shares, an increase of 115.8% from the August 15th total of 1,900 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 12,000 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company's stock are short sold.

Wartsila Stock Performance

OTCMKTS WRTBY traded up $0.13 during trading on Thursday, reaching $6.11. 10,626 shares of the company's stock were exchanged, compared to its average volume of 6,112. The business has a 50 day moving average price of $5.66 and a 200-day moving average price of $4.56. The stock has a market capitalization of $18.08 billion, a P/E ratio of 30.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.22 and a quick ratio of 0.84. Wartsila has a fifty-two week low of $2.78 and a fifty-two week high of $6.40.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $1.96 billion. Wartsila had a return on equity of 22.76% and a net margin of 8.19%. Sell-side analysts forecast that Wartsila will post 0.18 earnings per share for the current fiscal year.

Wartsila Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be given a dividend of $0.0231 per share. This represents a yield of 72.0%. The ex-dividend date of this dividend is Wednesday, September 17th. Wartsila's payout ratio is 15.00%.

Analyst Upgrades and Downgrades

WRTBY has been the topic of a number of recent research reports. Citigroup downgraded Wartsila from a "hold" rating to a "sell" rating in a research report on Thursday, September 4th. Kepler Capital Markets downgraded Wartsila from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock 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.