Short Interest in Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Increases By 350.9%

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 24,800 shares, an increase of 350.9% from the October 15th total of 5,500 shares. Based on an average daily trading volume, of 84,700 shares, the short-interest ratio is currently 0.3 days.

Wärtsilä Oyj Abp Price Performance

Shares of WRTBY stock opened at $4.00 on Thursday. Wärtsilä Oyj Abp has a 52 week low of $2.54 and a 52 week high of $4.69. The stock has a market capitalization of $11.78 billion, a PE ratio of 25.57 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. The stock’s fifty day moving average is $4.30 and its 200-day moving average is $4.14.

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

Wärtsilä Oyj Abp Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 11th were paid a dividend of $0.0356 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This is a positive change from Wärtsilä Oyj Abp’s previous dividend of $0.03. Wärtsilä Oyj Abp’s dividend payout ratio is 13.33%.

Analysts Set New Price Targets

Separately, Hsbc Global Res raised Wärtsilä Oyj Abp to a “moderate sell” rating in a 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.