Fortum Oyj (OTCMKTS:FOJCY) Sees Large Decline in Short Interest

Fortum Oyj (OTCMKTS:FOJCY) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 10,800 shares, a decline of 36.5% from the September 15th total of 17,000 shares. Based on an average trading volume of 5,000 shares, the short-interest ratio is presently 2.2 days.

Fortum Oyj Stock Performance

Shares of FOJCY stock traded up $0.15 on Friday, reaching $3.15. 833 shares of the stock were exchanged, compared to its average volume of 5,774. The business’s 50 day moving average price is $3.12 and its 200 day moving average price is $2.94. Fortum Oyj has a twelve month low of $2.20 and a twelve month high of $3.32.

Fortum Oyj Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 2nd will be paid a dividend of $0.1272 per share. The ex-dividend date is Wednesday, October 2nd. This is an increase from Fortum Oyj’s previous dividend of $0.10. Fortum Oyj’s payout ratio is presently 23.57%.

Fortum Oyj Company Profile

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Sweden, Germany, the United Kingdom, the Netherlands, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and solar power; and provides district heating and cooling, and decarbonization services.