Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Short Interest Up 350.9% in October

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

Analyst Ratings Changes

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

Wärtsilä Oyj Abp Trading Down 11.3 %

OTCMKTS WRTBY opened at $3.84 on Wednesday. The company has a market cap of $11.30 billion, a price-to-earnings ratio of 28.83 and a beta of 1.08. Wärtsilä Oyj Abp has a twelve month low of $2.54 and a twelve month high of $4.69. The company has a quick ratio of 0.75, a current ratio of 1.16 and a debt-to-equity ratio of 0.18. The business’s fifty day moving average is $4.31 and its 200 day moving average is $4.14.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter. The company had revenue of $1.89 billion for the quarter. Wärtsilä Oyj Abp had a return on equity of 20.03% and a net margin of 7.03%. As a group, sell-side analysts expect that Wärtsilä Oyj Abp will post 0.16 EPS for the current fiscal year.

Wärtsilä Oyj Abp Increases Dividend

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

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.