Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Sees Large Increase in Short Interest

Wärtsilä Oyj Abp (OTCMKTS:WRTBY - Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 12,000 shares, an increase of 263.6% from the May 15th total of 3,300 shares. Based on an average daily trading volume, of 11,500 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Pareto Securities lowered shares of Wärtsilä Oyj Abp from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 26th. Kepler Capital Markets upgraded shares of Wärtsilä Oyj Abp from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 15th.

Wärtsilä Oyj Abp Trading Up 0.7%

OTCMKTS:WRTBY traded up $0.03 on Friday, reaching $4.55. 2,047 shares of the company's stock were exchanged, compared to its average volume of 9,297. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 25.28 and a beta of 1.10. The business has a fifty day moving average of $3.81 and a 200-day moving average of $3.78. Wärtsilä Oyj Abp has a 52-week low of $2.78 and a 52-week high of $4.69.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The company reported $0.04 earnings per share for the quarter. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.66 billion. Wärtsilä Oyj Abp had a return on equity of 21.67% and a net margin of 7.81%. As a group, analysts expect that Wärtsilä Oyj Abp will post 0.18 earnings per share for the current year.

About Wärtsilä Oyj Abp

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.