Wartsila (OTCMKTS:WRTBY) Short Interest Up 456.1% in September

Key Points

• Wartsila experienced a significant increase in short interest of 456.1% in September, rising from 4,100 to 22,800 shares.
• The company declared a dividend of $0.0231, which will be paid on October 9th, yielding 72.0% and has a payout ratio of 15.00%.
• Equities analysts have generally downgraded Wartsila, with Citigroup and Kepler Capital Markets reducing their ratings, resulting in a consensus rating of "Reduce".

Wartsila (OTCMKTS:WRTBY - Get Free Report) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 22,800 shares, an increase of 456.1% from the August 31st total of 4,100 shares. Based on an average daily volume of 10,900 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 10,900 shares, the short-interest ratio is currently 2.1 days.

Wartsila Trading Down 0.5%

WRTBY opened at $5.94 on Wednesday. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 29.72 and a beta of 1.20. The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. Wartsila has a 12 month low of $2.78 and a 12 month high of $6.40. The stock has a fifty day moving average price of $5.81 and a 200-day moving average price of $4.68.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last released its quarterly earnings results on Friday, July 18th. The company reported $0.05 EPS 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 return on equity of 22.76% and a net margin of 8.19%. As a group, equities research analysts anticipate that Wartsila will post 0.18 earnings per share for the current fiscal year.

Wartsila Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently commented on WRTBY shares. Citigroup lowered Wartsila from a "hold" rating to a "sell" rating in a research note on Thursday, September 4th. Kepler Capital Markets downgraded Wartsila from a "strong-buy" rating to a "hold" rating in a 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 MarketBeat, the company presently has a consensus 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.

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