Fortum Oyj (OTCMKTS:FOJCY) Sees Significant Increase in Short Interest

Fortum Oyj (OTCMKTS:FOJCY) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 18,973 shares, a growth of 77.7% from the June 30th total of 10,679 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 15,215 shares, the days-to-cover ratio is presently 1.2 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Fortum Oyj to a “hold” rating in a research report on Wednesday, May 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Fortum Oyj Price Performance

FOJCY stock traded down $0.02 during mid-day trading on Friday, hitting $4.42. 1,810 shares of the stock were exchanged, compared to its average volume of 6,971. The business has a fifty day moving average price of $4.63 and a 200 day moving average price of $4.73. Fortum Oyj has a 12 month low of $3.27 and a 12 month high of $5.27. The stock has a market capitalization of $19.83 billion and a price-to-earnings ratio of 7.04.

Fortum Oyj Company Profile

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.