Wartsila (OTCMKTS:WRTBY) Short Interest Update

Wartsila (OTCMKTS:WRTBY) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 14,488 shares, a drop of 56.1% from the May 31st total of 32,968 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 91,035 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on WRTBY shares. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Finally, UBS Group downgraded shares of Wartsila from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Wartsila Price Performance

WRTBY stock opened at $7.25 on Monday. The stock has a market capitalization of $21.45 billion, a PE ratio of 29.00 and a beta of 1.24. Wartsila has a 52 week low of $4.29 and a 52 week high of $9.49. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $8.17 and a 200 day moving average of $7.94.

Wartsila (OTCMKTS:WRTBY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. Wartsila had a net margin of 9.40% and a return on equity of 24.45%. Sell-side analysts forecast that Wartsila will post 0.24 earnings per share for the current year.

Wartsila Company Profile

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.