Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Sees Large Growth in Short Interest

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 6,500 shares, a growth of 103.1% from the February 28th total of 3,200 shares. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Pareto Securities downgraded Wärtsilä Oyj Abp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday.

Wärtsilä Oyj Abp Stock Performance

WRTBY opened at $4.18 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.79 and a current ratio of 1.24. The stock has a market capitalization of $12.31 billion, a price-to-earnings ratio of 23.22 and a beta of 1.13. The company has a fifty day moving average of $3.91 and a 200 day moving average of $3.94. Wärtsilä Oyj Abp has a fifty-two week low of $3.25 and a fifty-two week high of $4.69.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter. Wärtsilä Oyj Abp had a return on equity of 21.67% and a net margin of 7.81%. As a group, sell-side analysts forecast that Wärtsilä Oyj Abp will post 0.18 earnings per share for the current fiscal year.

Wärtsilä Oyj Abp Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 8th. Investors of record on Monday, March 17th will be issued a $0.0456 dividend. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Wärtsilä Oyj Abp’s previous dividend of $0.04. Wärtsilä Oyj Abp’s dividend payout ratio (DPR) is 11.11%.

Wärtsilä Oyj Abp Company Profile

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.