Wartsila (OTCMKTS:WRTBY) Short Interest Up 123.5% in June

Wartsila (OTCMKTS:WRTBY) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 32,384 shares, an increase of 123.5% from the June 15th total of 14,488 shares. Based on an average daily volume of 58,218 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Oddo Bhf started coverage on shares of Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Wednesday, July 1st. Finally, The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Wartsila Stock Performance

Shares of Wartsila stock opened at $6.76 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.11. The company has a market cap of $20.00 billion, a PE ratio of 27.04 and a beta of 1.24. The company has a 50 day moving average of $7.79 and a 200-day moving average of $7.94. Wartsila has a 1-year low of $4.75 and a 1-year high of $9.49.

Wartsila (OTCMKTS:WRTBY) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. As a group, equities research analysts forecast that Wartsila will post 0.24 earnings per share for the current fiscal year.

About Wartsila

Wärtsilä (OTCMKTS: WRTBY) is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company’s Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.