Wartsila (OTCMKTS:WRTBY) Short Interest Down 44.8% in August

Wartsila (OTCMKTS:WRTBY) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 10,063 shares, a decline of 44.8% from the July 30th total of 18,242 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 79,247 shares, the days-to-cover ratio is presently 0.1 days.

Wartsila Stock Down 4.5%

Shares of OTCMKTS:WRTBY opened at $6.42 on Tuesday. The firm has a market capitalization of $18.99 billion, a PE ratio of 24.69 and a beta of 1.26. The business has a 50 day simple moving average of $6.91 and a two-hundred day simple moving average of $7.71. Wartsila has a 1 year low of $5.56 and a 1 year high of $9.49. 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 (OTCMKTS:WRTBY) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share 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 the consensus estimate of $1.73 billion. On average, equities analysts predict that Wartsila will post 0.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WRTBY. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Citigroup reiterated a “sell” rating on shares of Wartsila in a research report on Monday, July 27th. Finally, Oddo Bhf initiated coverage on shares of Wartsila in a research note on Tuesday, July 7th. They issued a “neutral” rating on the stock. Four research 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.com, the stock presently has an average rating of “Reduce”.

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.