Short Interest in Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Expands By 103.1%

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) was the recipient of a large growth in short interest during 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. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 5,700 shares, the days-to-cover ratio is presently 1.1 days.

Wärtsilä Oyj Abp Stock Down 8.6 %

Shares of WRTBY opened at $3.82 on Friday. The stock’s 50-day moving average price is $3.92 and its two-hundred day moving average price is $3.94. Wärtsilä Oyj Abp has a 12 month low of $3.25 and a 12 month high of $4.69. The company has a market capitalization of $11.25 billion, a PE ratio of 21.22 and a beta of 1.13. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.16.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS for the quarter. Wärtsilä Oyj Abp had a return on equity of 21.67% and a net margin of 7.81%. On average, analysts anticipate that Wärtsilä Oyj Abp will post 0.18 EPS for the current year.

Wärtsilä Oyj Abp Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Monday, March 17th will be given a dividend of $0.0456 per share. The ex-dividend date is Monday, March 17th. This is a boost from Wärtsilä Oyj Abp’s previous dividend of $0.04. Wärtsilä Oyj Abp’s dividend payout ratio is 11.11%.

Wall Street Analyst Weigh In

Separately, Pareto Securities cut shares of Wärtsilä Oyj Abp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday.

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.