Wartsila (OTCMKTS:WRTBY) Shares Shorted: Short Interest Up 502.5% in September

Wartsila (OTCMKTS:WRTBY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 145,042 shares, an increase of 502.5% from the August 31st total of 24,074 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 209,209 shares, the days-to-cover ratio is presently 0.7 days.

Wall Street Analysts Forecast Growth

WRTBY has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Citigroup reissued a “sell” rating on shares of Wartsila in a report on Monday, July 27th. Finally, Oddo Bhf assumed coverage on shares of Wartsila in a report on Tuesday, July 7th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Wartsila Stock Performance

OTCMKTS:WRTBY opened at $6.65 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.24 and a quick ratio of 0.89. Wartsila has a 12 month low of $5.77 and a 12 month high of $9.49. The firm has a market capitalization of $19.67 billion, a PE ratio of 25.58 and a beta of 1.25. The business’s fifty day moving average price is $6.73 and its 200 day moving average price is $7.47.

Wartsila (OTCMKTS:WRTBY) last announced its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. On average, sell-side analysts anticipate that Wartsila will post 0.25 earnings per share for the current fiscal year.

Wartsila Company Profile

Wärtsilä Oyj is a Finland-based technology company serving the marine and energy industries. Its businesses focus on improving the efficiency, flexibility and environmental performance of power generation and marine transportation.

In the energy sector, Wärtsilä provides flexible engine-based power plants, energy storage systems, lifecycle services, energy management software and related integration solutions. Its marine business offers engines, propulsion systems, hybrid technologies, exhaust-treatment equipment, electrical and automation systems, digital solutions, and maintenance services for commercial and other vessels.

Founded in Finland in 1834, Wärtsilä serves customers internationally through operations, projects and service networks across major maritime and energy markets.