Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Sees Large Growth in Short Interest

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) was the target of 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. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 5,700 shares, the days-to-cover ratio is currently 1.1 days.

Wärtsilä Oyj Abp Stock Down 8.6 %

Shares of Wärtsilä Oyj Abp stock opened at $3.82 on Friday. Wärtsilä Oyj Abp has a 12-month low of $3.25 and a 12-month high of $4.69. The firm has a market capitalization of $11.25 billion, a PE 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. The stock’s fifty day moving average is $3.92 and its 200-day moving average is $3.94.

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

Wärtsilä Oyj Abp Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, April 8th. Investors of record on Monday, March 17th will be paid a $0.0456 dividend. This is a positive change from Wärtsilä Oyj Abp’s previous dividend of $0.04. The ex-dividend date is Monday, March 17th. Wärtsilä Oyj Abp’s dividend payout ratio (DPR) is currently 11.11%.

Wall Street Analyst Weigh In

Separately, Pareto Securities cut shares of Wärtsilä Oyj Abp from a “strong-buy” rating to a “hold” rating in a 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.