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

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 5,500 shares, an increase of 816.7% from the September 30th total of 600 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is presently 3.9 days.

Wall Street Analysts Forecast Growth

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

Wärtsilä Oyj Abp Price Performance

Wärtsilä Oyj Abp stock opened at $4.52 on Friday. Wärtsilä Oyj Abp has a 1-year low of $2.08 and a 1-year high of $4.69. The firm has a market capitalization of $13.31 billion, a price-to-earnings ratio of 45.20 and a beta of 1.06. The company has a current ratio of 1.16, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $4.31 and a 200 day simple moving average of $4.07.

Wärtsilä Oyj Abp Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 11th were paid a $0.0356 dividend. This is a positive change from Wärtsilä Oyj Abp’s previous dividend of $0.03. The ex-dividend date was Wednesday, September 11th. Wärtsilä Oyj Abp’s payout ratio is currently 20.00%.

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.