Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Short Interest Up 144.4% in April

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 8,800 shares, a growth of 144.4% from the March 31st total of 3,600 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 16,500 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Several brokerages recently commented on WRTBY. Pareto Securities lowered Wärtsilä Oyj Abp from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 26th. Kepler Capital Markets upgraded Wärtsilä Oyj Abp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th.

Wärtsilä Oyj Abp Stock Down 10.8 %

WRTBY opened at $3.38 on Monday. The firm’s 50 day simple moving average is $3.72 and its two-hundred day simple moving average is $3.80. The company has a market capitalization of $9.96 billion, a PE ratio of 18.79 and a beta of 0.91. Wärtsilä Oyj Abp has a 1-year low of $2.78 and a 1-year high of $4.69. 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 announced its earnings results on Friday, April 25th. The company reported $0.04 EPS for the quarter. Wärtsilä Oyj Abp had a return on equity of 21.67% and a net margin of 7.81%. The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.66 billion. As a group, equities analysts forecast that Wärtsilä Oyj Abp will post 0.18 EPS for the current year.

Wärtsilä Oyj Abp Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 8th. Investors of record on Monday, March 17th were paid a dividend of $0.0456 per share. The ex-dividend date was Monday, March 17th. This is an increase from Wärtsilä Oyj Abp’s previous dividend of $0.04. Wärtsilä Oyj Abp’s payout ratio is 11.11%.

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.