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

by · The Cerbat Gem

Wärtsilä Oyj Abp (OTCMKTS:WRTBY – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 5,500 shares, an increase of 816.7% from the September 30th total of 600 shares. Based on an average daily trading volume, of 1,400 shares, the short-interest ratio is presently 3.9 days.

Wärtsilä Oyj Abp Price Performance

OTCMKTS WRTBY remained flat at $4.52 on Friday. The firm has a market capitalization of $13.31 billion, a PE ratio of 45.20 and a beta of 1.06. Wärtsilä Oyj Abp has a fifty-two week low of $2.08 and a fifty-two week high of $4.69. The stock’s 50 day simple moving average is $4.30 and its 200 day simple moving average is $4.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 1.16.

Wärtsilä Oyj Abp Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 11th were paid a $0.0356 dividend. This is a boost from Wärtsilä Oyj Abp’s previous dividend of $0.03. The ex-dividend date was Wednesday, September 11th. Wärtsilä Oyj Abp’s dividend payout ratio is presently 20.00%.

Analysts Set New Price Targets

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

Read Our Latest Report on Wärtsilä Oyj Abp

About Wärtsilä Oyj Abp

(Get Free Report)

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.

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