Fortum Oyj (OTCMKTS:FOJCY) Short Interest Down 36.8% in January

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 4,716 shares, a drop of 36.8% from the December 31st total of 7,464 shares. Based on an average daily trading volume, of 2,620 shares, the short-interest ratio is presently 1.8 days. Based on an average daily trading volume, of 2,620 shares, the short-interest ratio is presently 1.8 days.

Fortum Oyj Stock Up 1.9%

Shares of OTCMKTS FOJCY opened at $4.88 on Friday. Fortum Oyj has a fifty-two week low of $2.56 and a fifty-two week high of $4.89. The firm’s 50-day simple moving average is $4.30 and its 200 day simple moving average is $3.99.

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.