Short Interest in Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Declines By 44.6%

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 3,600 shares, a decline of 44.6% from the March 15th total of 6,500 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 87,000 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Pareto Securities lowered Wärtsilä Oyj Abp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 26th.

Wärtsilä Oyj Abp Stock Down 0.8 %

Shares of OTCMKTS:WRTBY opened at $3.69 on Wednesday. The company has a quick ratio of 0.79, a current ratio of 1.24 and a debt-to-equity ratio of 0.16. The firm has a market cap of $10.87 billion, a P/E ratio of 20.50 and a beta of 0.91. The company’s 50-day moving average price is $3.80 and its two-hundred day moving average price is $3.86. Wärtsilä Oyj Abp has a 12 month low of $2.78 and a 12 month high of $4.69.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS for the quarter. Wärtsilä Oyj Abp had a return on equity of 21.67% and a net margin of 7.81%. As a group, research analysts forecast that Wärtsilä Oyj Abp will post 0.18 EPS for the current fiscal year.

Wärtsilä Oyj Abp Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 8th. Stockholders of record on Monday, March 17th were given a dividend of $0.0456 per share. This is a boost from Wärtsilä Oyj Abp’s previous dividend of $0.04. The ex-dividend date of this dividend was Monday, March 17th. Wärtsilä Oyj Abp’s payout ratio is currently 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.