Short Interest in Wartsila (OTCMKTS:WRTBY) Expands By 152.0%

Key Points

• Wartsila experienced a 152.0% increase in short interest in July, with total short interest rising from 5,000 shares to 12,600 shares.
• Kepler Capital Markets downgraded Wartsila from a "strong-buy" rating to a "hold" rating as of July 11th.
• The company reported earnings of $0.05 per share for the quarter and a revenue of $1.95 billion, slightly missing analyst expectations of $1.96 billion.

Wartsila (OTCMKTS:WRTBY - Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 12,600 shares, anincreaseof152.0% from the June 30th total of 5,000 shares. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 2.3 days. Based on an average daily volume of 5,500 shares, the short-interest ratio is presently 2.3 days.

Wartsila Stock Performance

Wartsila stock traded up $0.19 during midday trading on Thursday, hitting $5.98. The company's stock had a trading volume of 8,967 shares, compared to its average volume of 5,452. The company has a 50-day moving average price of $4.81 and a two-hundred day moving average price of $4.15. Wartsila has a 1-year low of $2.78 and a 1-year high of $6.04. The company has a market cap of $17.69 billion, a price-to-earnings ratio of 29.90 and a beta of 1.14. 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 (OTCMKTS:WRTBY - Get Free Report) last announced its quarterly earnings data 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 analysts' expectations of $1.96 billion. Wartsila had a return on equity of 22.76% and a net margin of 8.19%. As a group, sell-side analysts predict that Wartsila will post 0.18 earnings per share for the current year.

Analyst Ratings Changes

Separately, Kepler Capital Markets cut Wartsila from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 11th.

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.