Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Sees Significant Drop in Short Interest

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 200 shares, a drop of 80.0% from the June 15th total of 1,000 shares. Based on an average daily trading volume, of 800 shares, the short-interest ratio is currently 0.3 days.

Wärtsilä Oyj Abp Trading Up 3.8 %

WRTBY traded up $0.16 during midday trading on Friday, reaching $4.39. 307 shares of the company’s stock traded hands, compared to its average volume of 227. The firm has a fifty day moving average of $4.04 and a two-hundred day moving average of $3.40. Wärtsilä Oyj Abp has a 52 week low of $2.08 and a 52 week high of $4.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.17 and a quick ratio of 0.75. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 43.90 and a beta of 1.05.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last posted its earnings results on Friday, April 26th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $1.43 billion for the quarter. Wärtsilä Oyj Abp had a return on equity of 13.47% and a net margin of 4.89%. On average, equities analysts anticipate that Wärtsilä Oyj Abp will post 0.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft lowered shares of Wärtsilä Oyj Abp from a “buy” rating to a “hold” rating in a research report on Thursday, June 20th.

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.