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

Wärtsilä Oyj Abp (OTCMKTS:WRTBY – Get Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 800 shares, a decrease of 20.0% from the August 15th total of 1,000 shares. Based on an average daily trading volume, of 500 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Citigroup increased their target price on Wärtsilä Oyj Abp to €13.00 ($13.98) in a research report on Monday, July 24th. Barclays assumed coverage on Wärtsilä Oyj Abp in a research report on Friday, September 8th. They set an “underweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.85.

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Wärtsilä Oyj Abp Stock Performance

Shares of OTCMKTS:WRTBY opened at $2.40 on Friday. The company has a market cap of $7.10 billion, a P/E ratio of 60.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.74 and a current ratio of 1.14. Wärtsilä Oyj Abp has a one year low of $1.30 and a one year high of $2.58. The business’s 50-day simple moving average is $2.42 and its 200 day simple moving average is $2.22.

Wärtsilä Oyj Abp (OTCMKTS:WRTBY – Get Free Report) last announced its earnings results on Friday, July 21st. The company reported $0.01 EPS for the quarter. The business had revenue of $1.58 billion for the quarter. Wärtsilä Oyj Abp had a return on equity of 5.29% and a net margin of 1.81%.

Wärtsilä Oyj Abp Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 5th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.0284 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This is a positive change from Wärtsilä Oyj Abp’s previous dividend of $0.02. Wärtsilä Oyj Abp’s dividend payout ratio (DPR) is 75.00%.

Wärtsilä Oyj Abp Company Profile

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Wärtsilä Oyj Abp offers technologies and lifecycle solutions for the marine and energy markets worldwide. It offers marine power products, such as engines, propulsion systems, hybrid technology, and integrated powertrain systems; marine systems comprising products and lifecycle services related to the gas value chain, exhaust treatment, shaft line, underwater repair, and electrical integrations; voyage solutions, including bridge infrastructure solutions, cloud data services, decision support systems, and smart port solutions to enable shore-to-shore visibility, as well as builds end-to-end digital ecosystem for shipping; and decarbonization energy services, future-fuel enabled balancing power plants, hybrid solutions, energy storage solutions, and optimization technology solutions.

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