Short Interest in Fortum Oyj (OTCMKTS:FOJCY) Rises By 30.1%

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 11,106 shares, an increase of 30.1% from the February 12th total of 8,536 shares. Based on an average daily trading volume, of 11,621 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 11,621 shares, the days-to-cover ratio is presently 1.0 days.

Fortum Oyj Price Performance

OTCMKTS FOJCY opened at $4.86 on Monday. The stock has a fifty day moving average of $4.57 and a 200-day moving average of $4.20. 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.