Wartsila (OTCMKTS:WRTBY) Short Interest Down 71.1% in September

Key Points

• Wartsila experienced a significant decrease in short interest, dropping by 71.1% to 6,600 shares as of September 30th from 22,800 shares on September 15th.
• The company has a consensus rating of "Reduce" among analysts, with recent downgrades from Citigroup and Kepler Capital Markets.
• Wartsila declared a dividend of $0.0231 per share, amounting to a yield of 72% for shareholders of record as of September 18th.

Wartsila (OTCMKTS:WRTBY - Get Free Report) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 6,600 shares, a drop of 71.1% from the September 15th total of 22,800 shares. Based on an average daily volume of 10,100 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 10,100 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

WRTBY has been the topic of a number of recent research reports. Citigroup reiterated a "sell" rating on shares of Wartsila in a research note on Monday, October 6th. Kepler Capital Markets lowered Wartsila from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 11th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce".

Wartsila Price Performance

Wartsila stock opened at $6.00 on Friday. The stock's fifty day moving average price is $5.88 and its two-hundred day moving average price is $4.86. Wartsila has a one year low of $2.78 and a one year high of $6.40. 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 firm has a market cap of $17.75 billion, a PE ratio of 30.00 and a beta of 1.16.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The company reported $0.05 EPS for the quarter. Wartsila had a return on equity of 22.76% and a net margin of 8.19%.The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. As a group, research analysts expect that Wartsila will post 0.18 EPS for the current fiscal year.

Wartsila Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were paid a $0.0231 dividend. The ex-dividend date was Wednesday, September 17th. This represents a dividend yield of 72.0%. Wartsila's dividend payout ratio (DPR) is presently 15.00%.

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.

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