Fortum Oyj (OTCMKTS:FOJCY) Short Interest Update

Fortum Oyj (OTCMKTS:FOJCY) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 12,000 shares, a growth of 112.1% from the May 31st total of 5,659 shares. Based on an average daily trading volume, of 14,672 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Fortum Oyj to a “hold” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Fortum Oyj Stock Performance

OTCMKTS FOJCY opened at $4.63 on Tuesday. Fortum Oyj has a fifty-two week low of $3.27 and a fifty-two week high of $5.27. The stock has a 50 day simple moving average of $4.79 and a two-hundred day simple moving average of $4.69. The stock has a market cap of $20.76 billion and a P/E ratio of 7.04.

Fortum Oyj Company Profile

Fortum Oyj is a Finnish energy company primarily engaged in the production, distribution and sale of electricity and heat. The company’s generation portfolio spans a mix of nuclear, hydroelectric, combined‐cycle gas and bioenergy power plants. In addition to large‐scale power generation, Fortum operates district heating networks and waste‐to‐energy facilities, providing heat and power solutions to municipalities, industrial customers and residential users across its core markets.

In its customer solutions segment, Fortum offers electricity retail services, electric vehicle charging infrastructure and energy efficiency solutions.