Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Short Interest Update

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) saw a significant growth in short interest during the month of 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 trading volume of 5,700 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.0% of the company’s shares are sold short.

Wärtsilä Oyj Abp Stock Up 6.8 %

Shares of WRTBY opened at $4.18 on Friday. 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 business has a fifty day moving average of $3.91 and a 200 day moving average of $3.94. The company has a market cap of $12.31 billion, a PE ratio of 23.22 and a beta of 1.13. Wärtsilä Oyj Abp has a 52-week low of $3.25 and a 52-week high of $4.69.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last announced its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share 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 expect that Wärtsilä Oyj Abp will post 0.18 EPS for the current year.

Wärtsilä Oyj Abp Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Monday, March 17th will be given a dividend of $0.0456 per share. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Wärtsilä Oyj Abp’s previous dividend of $0.04. Wärtsilä Oyj Abp’s payout ratio is 11.11%.

Analysts Set New Price Targets

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

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.