Fortum Oyj (OTCMKTS:FOJCY) Short Interest Update

Fortum Oyj (OTCMKTS:FOJCY) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 12,000 shares, a growth of 112.1% from the May 31st total of 5,659 shares. Based on an average daily trading volume, of 14,672 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the shares of the company are sold short.

Fortum Oyj Stock Down 1.5%

Fortum Oyj stock opened at $4.56 on Thursday. The stock has a market cap of $20.46 billion and a PE ratio of 7.04. Fortum Oyj has a 12-month low of $3.27 and a 12-month high of $5.27. The business’s 50-day moving average price is $4.77 and its two-hundred day moving average price is $4.69.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Fortum Oyj to a “hold” rating in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Fortum Oyj presently has a consensus rating of “Hold”.

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.