Outokumpu Oyj (OTCMKTS:OUTKY) Short Interest Up 450.0% in June

Outokumpu Oyj (OTCMKTS:OUTKY) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 1,100 shares, an increase of 450.0% from the June 15th total of 200 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 3.7 days.

Outokumpu Oyj Stock Performance

Shares of Outokumpu Oyj stock remained flat at $1.86 during trading on Thursday. The company has a market cap of $1.70 billion, a PE ratio of -7.15 and a beta of 0.82. Outokumpu Oyj has a 1 year low of $1.70 and a 1 year high of $3.00. The company’s 50-day simple moving average is $1.92 and its 200 day simple moving average is $2.07. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.90 and a quick ratio of 0.82.

Outokumpu Oyj (OTCMKTS:OUTKY) last posted its earnings results on Tuesday, May 7th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $1.61 billion for the quarter. Outokumpu Oyj had a negative return on equity of 5.70% and a negative net margin of 3.58%. Sell-side analysts anticipate that Outokumpu Oyj will post 0.03 earnings per share for the current fiscal year.

Outokumpu Oyj Company Profile

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.