Wartsila (OTCMKTS:WRTBY) Short Interest Update

Wartsila (OTCMKTS:WRTBY) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 14,488 shares, a decline of 56.1% from the May 31st total of 32,968 shares. Based on an average daily volume of 91,035 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WRTBY shares. UBS Group lowered Wartsila from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. The Goldman Sachs Group raised shares of Wartsila from a “strong sell” rating to a “neutral” rating in a research report on Thursday, June 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research note on Thursday, April 30th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Wartsila Price Performance

Shares of WRTBY opened at $7.25 on Monday. The business’s 50-day moving average is $8.17 and its two-hundred day moving average is $7.94. The company has a market capitalization of $21.45 billion, a P/E ratio of 29.00 and a beta of 1.24. 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 fifty-two week low of $4.29 and a fifty-two week high of $9.49.

Wartsila (OTCMKTS:WRTBY) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. Wartsila had a return on equity of 24.45% and a net margin of 9.40%. Research analysts predict 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.