Wartsila (OTCMKTS:WRTBY) Short Interest Update

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 target of a significant increase in short interest in 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 trading volume, of 5,500 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily trading volume, of 5,500 shares, the days-to-cover ratio is currently 2.3 days.

Analysts Set New Price Targets

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

Wartsila Stock Performance

OTCMKTS:WRTBY opened at $5.60 on Monday. 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 $6.04. The stock has a 50-day moving average price of $4.74 and a 200 day moving average price of $4.12. The stock has a market capitalization of $16.57 billion, a P/E ratio of 28.00 and a beta of 1.14.

Wartsila (OTCMKTS:WRTBY - Get Free Report) last released its earnings results on Friday, July 18th. The company reported $0.05 earnings per share (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 during the quarter, compared to analysts' expectations of $1.96 billion. Equities research analysts forecast that Wartsila will post 0.18 EPS for the current fiscal year.

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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