Short Interest in Wartsila (OTCMKTS:WRTBY) Drops By 56.1%

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

Wartsila Stock Up 0.3%

Shares of OTCMKTS:WRTBY opened at $7.58 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.04 and a current ratio of 1.39. Wartsila has a 1 year low of $4.35 and a 1 year high of $9.49. The stock has a market capitalization of $22.41 billion, a P/E ratio of 30.30 and a beta of 1.24. The stock has a 50-day simple moving average of $8.14 and a 200-day simple moving average of $7.95.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.06 EPS for the quarter. The firm 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%. Equities analysts forecast that Wartsila will post 0.24 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on WRTBY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. The Goldman Sachs Group upgraded shares of Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Finally, UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

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.