Wartsila (OTCMKTS:WRTBY) Short Interest Update

Wartsila (OTCMKTS:WRTBY) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 495 shares, a decline of 98.5% from the June 30th total of 32,384 shares. Based on an average daily volume of 150,137 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Several brokerages recently issued reports on WRTBY. UBS Group cut shares of Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. The Goldman Sachs Group upgraded Wartsila from a “strong sell” rating to a “neutral” rating in a report on Thursday, June 4th. Citigroup reaffirmed a “sell” rating on shares of Wartsila in a report on Wednesday, July 1st. Oddo Bhf initiated coverage on Wartsila in a research report on Tuesday, July 7th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a report on Thursday, April 30th. Four investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Wartsila presently has an average rating of “Reduce”.

Wartsila Trading Down 1.2%

WRTBY stock traded down $0.08 during trading on Friday, reaching $6.86. 84,356 shares of the stock were exchanged, compared to its average volume of 32,433. 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 firm has a market capitalization of $20.30 billion, a price-to-earnings ratio of 26.39 and a beta of 1.24. The business has a 50 day moving average price of $7.55 and a 200-day moving average price of $7.91. Wartsila has a 1 year low of $5.36 and a 1 year high of $9.49.

Wartsila (OTCMKTS:WRTBY) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.73 billion. Wartsila had a net margin of 9.77% and a return on equity of 24.27%. On average, research analysts predict that Wartsila will post 0.24 earnings per share for the current 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.