Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Short Interest Update

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) saw a large growth in short interest in 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. Based on an average daily trading volume, of 5,700 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.0% of the shares of the stock are sold short.

Wärtsilä Oyj Abp Price Performance

Shares of WRTBY stock opened at $3.82 on Friday. The business has a fifty day simple moving average of $3.92 and a 200 day simple moving average of $3.94. The company has a market cap of $11.25 billion, a P/E ratio of 21.22 and a beta of 1.13. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.16. Wärtsilä Oyj Abp has a twelve month low of $3.25 and a twelve month high of $4.69.

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

Wärtsilä Oyj Abp Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.0456 per share. The ex-dividend date is Monday, March 17th. This is an increase 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 lowered 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.