Short Interest in Fortum Oyj (OTCMKTS:FOJCY) Expands By 98.1%

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 9,343 shares, an increase of 98.1% from the January 15th total of 4,716 shares. Based on an average daily trading volume, of 5,559 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 5,559 shares, the days-to-cover ratio is presently 1.7 days.

Fortum Oyj Stock Down 1.0%

Shares of FOJCY stock opened at $4.47 on Friday. The firm has a 50 day moving average of $4.42 and a 200-day moving average of $4.06. Fortum Oyj has a 52 week low of $2.56 and a 52 week high of $5.02.

About Fortum Oyj

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.