Short Interest in Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Decreases By 50.0%

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 1,000 shares, a drop of 50.0% from the May 31st total of 2,000 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 3.3 days.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lowered shares of Wärtsilä Oyj Abp from a “buy” rating to a “hold” rating in a research note on Thursday, June 20th.

Wärtsilä Oyj Abp Price Performance

OTCMKTS WRTBY opened at $4.21 on Friday. Wärtsilä Oyj Abp has a 12 month low of $2.08 and a 12 month high of $4.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.17 and a quick ratio of 0.75. The firm has a market capitalization of $12.40 billion, a PE ratio of 42.10 and a beta of 1.03. The company’s 50 day simple moving average is $3.91 and its 200 day simple moving average is $3.31.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last posted its quarterly earnings data on Friday, April 26th. The company reported $0.03 EPS for the quarter. Wärtsilä Oyj Abp had a net margin of 4.89% and a return on equity of 13.47%. The business had revenue of $1.43 billion for the quarter. As a group, equities research analysts forecast that Wärtsilä Oyj Abp will post 0.13 EPS for the current fiscal year.

About Wärtsilä Oyj Abp

Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers engine power plant products, such as gas, multi-fuel, and diesel engines; GEMS Digital Energy Platform, a smart software platform that monitors, controls, and optimizes energy assets on site and portfolio levels; GridSolv Quantum, a fully integrated energy storage solution, which enables ease of deployment and sustainable energy optimization; GEMS Power Plant Controllers; GEMS Fleet Director, which provides centralized real-time visibility into a global fleet of power plants; and GEMS Grid Controller that conducts intelligent grid control and optimized power management for microgrids of various sizes.