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

Wärtsilä Oyj Abp (OTCMKTS:WRTBY - Get Free Report) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 6,500 shares, an increase of 103.1% from the February 28th total of 3,200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,700 shares, the short-interest ratio is currently 1.1 days.

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 research note on Wednesday, March 26th.

Wärtsilä Oyj Abp Trading Down 4.6 %

OTCMKTS WRTBY traded down $0.18 on Tuesday, reaching $3.65. 3,271 shares of the company were exchanged, compared to its average volume of 11,336. The company has a current ratio of 1.24, a quick ratio of 0.79 and a debt-to-equity ratio of 0.16. The business's fifty day moving average price is $3.92 and its 200 day moving average price is $3.93. The stock has a market capitalization of $10.74 billion, a P/E ratio of 20.25 and a beta of 1.13. Wärtsilä Oyj Abp has a fifty-two week low of $3.25 and a fifty-two week high of $4.69.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY - Get Free Report) last announced its quarterly 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%. Analysts forecast that Wärtsilä Oyj Abp will post 0.18 earnings per share for the current year.

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Wärtsilä Oyj Abp Increases Dividend

The company also recently declared a dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Monday, March 17th will be paid a $0.0456 dividend. This is a boost 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 is 11.11%.

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.