Outokumpu (OTCMKTS:OUTKY) Sees Significant Increase in Short Interest

Outokumpu (OTCMKTS:OUTKY) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 989 shares, an increase of 137.7% from the May 14th total of 416 shares. Based on an average daily volume of 1,453 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are short sold.

Outokumpu Price Performance

OUTKY stock opened at $3.45 on Friday. The company has a current ratio of 1.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.26 billion, a PE ratio of -23.00 and a beta of 0.71. Outokumpu has a 1-year low of $1.89 and a 1-year high of $3.65. The business’s 50 day simple moving average is $3.20 and its 200 day simple moving average is $2.90.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OUTKY. Oddo Bhf upgraded Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Outokumpu in a research note on Wednesday, May 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Outokumpu in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

About Outokumpu

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.