Wartsila (OTCMKTS:WRTBY) Short Interest Down 98.5% in July

Wartsila (OTCMKTS:WRTBY) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 495 shares, a drop of 98.5% from the June 30th total of 32,384 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 150,137 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several research firms have weighed in on WRTBY. UBS Group cut Wartsila from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Citigroup reissued a “sell” rating on shares of Wartsila in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Wartsila in a research report on Thursday, April 30th. The Goldman Sachs Group raised Wartsila from a “strong sell” rating to a “neutral” rating in a research note on Thursday, June 4th. Finally, Oddo Bhf started coverage on Wartsila in a research report on Tuesday, July 7th. They issued a “neutral” rating on the stock. Four analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Wartsila Price Performance

Shares of OTCMKTS:WRTBY opened at $6.86 on Friday. The company has a market cap of $20.30 billion, a price-to-earnings ratio of 26.39 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.39 and a quick ratio of 1.04. The firm has a 50 day simple moving average of $7.55 and a 200 day simple moving average of $7.91. Wartsila has a one year low of $5.36 and a one year high of $9.49.

Wartsila (OTCMKTS:WRTBY) last issued its earnings results on Tuesday, July 21st. The company reported $0.06 earnings per share for the quarter. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.73 billion. Wartsila had a net margin of 9.77% and a return on equity of 24.27%. Research analysts predict that Wartsila will post 0.25 earnings per share for the current fiscal year.

About Wartsila

Wärtsilä (OTCMKTS: WRTBY) is a Finnish technology company specializing in sustainable solutions for the marine and energy sectors. Founded in 1834 and headquartered in Helsinki, Finland, Wärtsilä designs, manufactures and services equipment ranging from marine engines and propulsion systems to complete power plants. The company’s Energy Business provides flexible gas, multi-fuel and hybrid power plants, as well as long-term operation and maintenance services. In its Marine Business, Wärtsilä delivers integrated systems for ship design, digital operations and lifecycle support.

With a presence in over 80 countries, Wärtsilä serves shipowners, shipyards, power producers and utilities around the world.