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

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 21,800 shares, an increase of 990.0% from the December 15th total of 2,000 shares. Based on an average daily volume of 16,900 shares, the days-to-cover ratio is currently 1.3 days.

Fortum Oyj Price Performance

Shares of Fortum Oyj stock traded down $0.01 during trading on Wednesday, hitting $2.80. The stock had a trading volume of 1,533 shares, compared to its average volume of 5,311. Fortum Oyj has a 12 month low of $2.29 and a 12 month high of $3.32. The firm’s fifty day simple moving average is $2.81 and its 200-day simple moving average is $2.97.

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.