Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Short Interest Down 90.7% in November

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 2,300 shares, a drop of 90.7% from the October 31st total of 24,800 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 0.3 days.

Wärtsilä Oyj Abp Stock Performance

WRTBY stock traded down $0.14 during mid-day trading on Thursday, hitting $3.50. The company had a trading volume of 896 shares, compared to its average volume of 24,032. The firm has a market cap of $10.31 billion, a PE ratio of 24.23 and a beta of 1.08. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 1.16. Wärtsilä Oyj Abp has a 12 month low of $2.75 and a 12 month high of $4.69. The stock’s fifty day moving average price is $4.20 and its two-hundred day moving average price is $4.15.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 EPS for the quarter. The business had revenue of $1.89 billion for the quarter. Wärtsilä Oyj Abp had a net margin of 7.03% and a return on equity of 20.03%. On average, analysts forecast that Wärtsilä Oyj Abp will post 0.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Hsbc Global Res raised shares of Wärtsilä Oyj Abp to a “moderate sell” rating in a research report on Friday, September 13th.

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.