Short Interest in Outokumpu Oyj (OTCMKTS:OUTFF) Increases By 27.3%

Outokumpu Oyj (OTCMKTS:OUTFF) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 675,000 shares, an increase of 27.3% from the January 31st total of 530,200 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Outokumpu Oyj Price Performance

Shares of OTCMKTS:OUTFF remained flat at $3.01 during midday trading on Thursday. The company’s 50 day simple moving average is $3.00 and its 200 day simple moving average is $3.39. Outokumpu Oyj has a twelve month low of $2.95 and a twelve month high of $3.01.

About Outokumpu Oyj

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.