Short Interest in Outokumpu (OTCMKTS:OUTKY) Expands By 593.4%

Outokumpu (OTCMKTS:OUTKY) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 6,858 shares, an increase of 593.4% from the May 31st total of 989 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 743 shares, the days-to-cover ratio is currently 9.2 days.

Wall Street Analyst Weigh In

Several analysts have recently commented on OUTKY shares. Oddo Bhf raised shares of Outokumpu to an “outperform” rating in a research report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a research report on Wednesday, May 13th. Finally, Citigroup restated a “neutral” rating on shares of Outokumpu in a report on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Outokumpu Stock Performance

Shares of Outokumpu stock opened at $3.10 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.60 and a current ratio of 1.56. Outokumpu has a 52 week low of $1.89 and a 52 week high of $3.66. The stock has a 50 day moving average price of $3.30 and a two-hundred day moving average price of $2.97. The stock has a market capitalization of $2.93 billion, a PE ratio of -20.67 and a beta of 0.71.

About Outokumpu

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.