Short Interest in Elisa Oyj (OTCMKTS:ELMUF) Increases By 151.9%

Elisa Oyj (OTCMKTS:ELMUF) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,101,321 shares, a growth of 151.9% from the May 31st total of 437,188 shares. Based on an average daily volume of 132 shares, the days-to-cover ratio is currently 8,343.3 days.

Elisa Oyj Price Performance

Shares of ELMUF stock opened at $48.44 on Tuesday. The firm’s 50-day moving average is $47.55 and its two-hundred day moving average is $44.97. Elisa Oyj has a 12 month low of $48.40 and a 12 month high of $48.44.

Elisa Oyj Company Profile

Elisa Oyj is a leading Finnish telecommunications and digital services company that provides a broad range of communications solutions to consumer and corporate customers. The company’s core offerings include mobile and fixed‐line telephony, broadband internet connections, and data communications built on extensive fiber and 4G/5G networks. In addition to connectivity, Elisa delivers IT and cloud services, cybersecurity solutions, and digital content such as entertainment streaming and gaming platforms.

Founded in 1882 as the Helsinki Telephone Company, Elisa has evolved over more than a century from a regional telephone operator into a modern technology provider.