Fortum Oyj (OTCMKTS:FOJCY) Short Interest Update

Fortum Oyj (OTCMKTS:FOJCY) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 9,372 shares, a drop of 15.6% from the February 26th total of 11,106 shares. Based on an average trading volume of 4,081 shares, the days-to-cover ratio is presently 2.3 days.

Fortum Oyj Stock Up 4.6%

Fortum Oyj stock opened at $4.88 on Tuesday. The stock’s 50 day moving average is $4.68 and its 200 day moving average is $4.32. Fortum Oyj has a one year low of $2.56 and a one year high of $5.12.

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.