Outokumpu Oyj (OTCMKTS:OUTFF) Shares Shorted: Short Interest Down 37.4% in October

Outokumpu Oyj (OTCMKTS:OUTFF) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 858,591 shares, a decrease of 37.4% from the September 30th total of 1,371,905 shares. Based on an average daily volume of 782 shares, the short-interest ratio is currently 1,097.9 days.

Outokumpu Oyj Stock Performance

Shares of OTCMKTS OUTFF opened at $5.43 on Tuesday. Outokumpu Oyj has a fifty-two week low of $4.88 and a fifty-two week high of $7.02. The business has a 50 day moving average price of $5.93 and a two-hundred day moving average price of $5.90.

About Outokumpu Oyj

Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers in Europe, the Americas and other international markets. The company produces stainless steel for applications including construction, transportation, industrial equipment, energy, food processing and consumer products.

Its product portfolio includes stainless steel coils, sheets, plates and long products, along with specialized grades designed for demanding operating environments. Outokumpu also provides technical, processing and customer services and operates its own ferrochrome production activities, which support the manufacture of stainless steel.

The company traces its origins to a copper-mining operation established in Finland in 1910 and later developed into a diversified metals business before focusing on stainless steel.