Wartsila (OTCMKTS:WRTBY) Shares Shorted: Short Interest Down 46.6% in September

Wartsila (OTCMKTS:WRTBY) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 77,380 shares, a drop of 46.6% from the September 15th total of 145,042 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 260,761 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several research firms recently commented on WRTBY. Citigroup reissued a “sell” rating on shares of Wartsila in a research note on Monday, July 27th. Oddo Bhf started coverage on Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating on the stock. Finally, The Goldman Sachs Group upgraded Wartsila from a “hold” rating to a “buy” rating in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Wartsila currently has a consensus rating of “Reduce”.

Wartsila Stock Performance

Shares of WRTBY stock opened at $6.43 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.89 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $6.66 and a 200 day moving average price of $7.36. The company has a market cap of $19.02 billion, a P/E ratio of 25.11 and a beta of 1.16. Wartsila has a 12 month low of $5.90 and a 12 month high of $9.49.

Wartsila (OTCMKTS:WRTBY) last posted its earnings results on Tuesday, July 21st. The company reported $0.06 EPS for the quarter. Wartsila had a return on equity of 25.56% and a net margin of 9.77%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Sell-side analysts predict that Wartsila will post 0.24 earnings per share for the current fiscal year.

Wartsila Company Profile

Wärtsilä Oyj Abp is a Finland-based technology company serving the marine and energy industries. The company develops and supplies solutions designed to support efficient, flexible and lower-emission power generation, energy management and marine operations.

In its Energy business, Wärtsilä provides flexible power plants, energy storage systems, energy management software and related services. These offerings are used by utilities, independent power producers and other energy-sector customers to balance electricity systems and integrate renewable generation.

Wärtsilä’s Marine business supplies engines and propulsion systems, hybrid and integrated power solutions, exhaust treatment equipment, navigation and automation technologies, and other products and services for commercial vessels and other marine applications.