Wärtsilä Oyj Abp (OTCMKTS:WRTBY) Short Interest Up 350.9% in October

Wärtsilä Oyj Abp (OTCMKTS:WRTBY) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 24,800 shares, a growth of 350.9% from the October 15th total of 5,500 shares. Based on an average daily volume of 84,700 shares, the days-to-cover ratio is presently 0.3 days.

Wärtsilä Oyj Abp Trading Up 4.3 %

Wärtsilä Oyj Abp stock opened at $4.00 on Thursday. The firm has a 50-day moving average of $4.30 and a 200-day moving average of $4.14. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 25.57 and a beta of 1.08. Wärtsilä Oyj Abp has a one year low of $2.54 and a one year high of $4.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.16 and a quick ratio of 0.75.

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

Wärtsilä Oyj Abp Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.0356 per share. The ex-dividend date was Wednesday, September 11th. This is a boost from Wärtsilä Oyj Abp’s previous dividend of $0.03. Wärtsilä Oyj Abp’s payout ratio is 13.33%.

Wall Street Analyst Weigh In

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

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.