Short Interest in Fortum Oyj (OTCMKTS:FOJCY) Decreases By 35.2%

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 12,293 shares, a decrease of 35.2% from the July 15th total of 18,973 shares. Based on an average daily trading volume, of 13,788 shares, the short-interest ratio is currently 0.9 days. Approximately 0.0% of the company’s stock are sold short.

Fortum Oyj Price Performance

FOJCY stock opened at $4.51 on Tuesday. Fortum Oyj has a one year low of $3.27 and a one year high of $5.27. The company’s 50 day moving average price is $4.54 and its two-hundred day moving average price is $4.73.

Analysts Set New Price Targets

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

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.