Elisa Oyj (OTCMKTS:ELMUF) Sees Significant Growth in Short Interest

Elisa Oyj (OTCMKTS:ELMUF) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 798,869 shares, a growth of 72.4% from the April 15th total of 463,456 shares. Based on an average daily volume of 524 shares, the days-to-cover ratio is presently 1,524.6 days.

Elisa Oyj Price Performance

Elisa Oyj stock remained flat at $48.40 during trading on Monday. The business’s 50 day simple moving average is $44.53 and its two-hundred day simple moving average is $45.43. Elisa Oyj has a fifty-two week low of $43.57 and a fifty-two week high of $54.42.

About Elisa Oyj

Elisa Oyj is a leading Finnish telecommunications and digital services company that provides a broad range of communications solutions to consumer and corporate customers. The company’s core offerings include mobile and fixed‐line telephony, broadband internet connections, and data communications built on extensive fiber and 4G/5G networks. In addition to connectivity, Elisa delivers IT and cloud services, cybersecurity solutions, and digital content such as entertainment streaming and gaming platforms.

Founded in 1882 as the Helsinki Telephone Company, Elisa has evolved over more than a century from a regional telephone operator into a modern technology provider.