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

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) was the target of a significant increase in short interest in the month of 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 volume of 84,700 shares, the short-interest ratio is presently 0.3 days.

Wärtsilä Oyj Abp Price Performance

WRTBY stock opened at $4.33 on Tuesday. The company has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.14. The stock has a market cap of $12.74 billion, a PE ratio of 28.83 and a beta of 1.08. Wärtsilä Oyj Abp has a 12 month low of $2.54 and a 12 month high of $4.69. The company has a current ratio of 1.16, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18.

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

Wärtsilä Oyj Abp Increases Dividend

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

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 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.