Outokumpu (OTCMKTS:OUTKY) Shares Shorted: Short Interest Up 181.8% in October

Outokumpu (OTCMKTS:OUTKY) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 6,895 shares, a growth of 181.8% from the October 15th total of 2,447 shares. Based on an average trading volume of 16,931 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

OUTKY has been the topic of several research analyst reports. Deutsche Bank restated a “hold” rating on shares of Outokumpu in a research note on Friday, September 4th. Citigroup reissued a “neutral” rating on shares of Outokumpu in a report on Tuesday, September 15th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Outokumpu Stock Performance

Shares of OUTKY stock opened at $2.03 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. Outokumpu has a one year low of $1.95 and a one year high of $3.66. The stock’s fifty day simple moving average is $2.77 and its 200 day simple moving average is $3.03.

Outokumpu (OTCMKTS:OUTKY) last posted its quarterly earnings data on Friday, November 6th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.03). Outokumpu had a negative return on equity of 0.72% and a negative net margin of 0.42%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, equities analysts anticipate that Outokumpu will post 0.10 EPS for the current fiscal year.

Outokumpu Company Profile

Outokumpu is a Finnish stainless steel producer headquartered in Espoo. The company makes stainless steel products for customers in industries such as construction, transportation, household appliances and process manufacturing. Its offerings include stainless steel sheets, coils, strips and other forms, as well as ferrochrome, an important material used in stainless steel production. Outokumpu also works with recycled materials as part of its steelmaking operations. The company traces its origins to a copper deposit discovered in Outokumpu, Finland, in 1910.