Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Short Interest Down 90.7% in November

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 2,300 shares, a drop of 90.7% from the October 31st total of 24,800 shares. Based on an average daily trading volume, of 6,800 shares, the days-to-cover ratio is currently 0.3 days.

Wärtsilä Oyj Abp Price Performance

OTCMKTS WRTBY opened at $3.50 on Friday. The company has a 50 day simple moving average of $4.18 and a 200-day simple moving average of $4.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 0.75. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 23.33 and a beta of 1.08. Wärtsilä Oyj Abp has a 52-week low of $2.75 and a 52-week high of $4.69.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $1.89 billion during the quarter. Wärtsilä Oyj Abp had a net margin of 7.03% and a return on equity of 20.03%. Equities research analysts predict that Wärtsilä Oyj Abp will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res upgraded shares of Wärtsilä Oyj Abp to a “moderate sell” rating in a report on Friday, September 13th.

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.