Outokumpu Oyj (OTCMKTS:OUTFF) Sees Large Drop in Short Interest

Outokumpu Oyj (OTCMKTS:OUTFF) was the target of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 249,023 shares, a decline of 71.0% from the October 15th total of 858,591 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Outokumpu Oyj Stock Performance

Shares of OUTFF stock remained flat at $4.14 during trading hours on Friday. The stock had a trading volume of 4,300 shares, compared to its average volume of 632. The stock has a fifty day moving average price of $5.69 and a 200 day moving average price of $5.89. Outokumpu Oyj has a 1-year low of $4.14 and a 1-year high of $7.02.

Outokumpu Oyj Company Profile

Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers in Europe, the Americas and other international markets. The company produces stainless steel for applications including construction, transportation, industrial equipment, energy, food processing and consumer products. Its product portfolio includes stainless steel coils, sheets, plates and long products, along with specialized grades designed for demanding operating environments. Outokumpu also provides technical, processing and customer services and operates its own ferrochrome production activities, which support the manufacture of stainless steel.