Short Interest in Fortum Oyj (OTCMKTS:FOJCY) Grows By 77.7%

Fortum Oyj (OTCMKTS:FOJCY) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 18,973 shares, an increase of 77.7% from the June 30th total of 10,679 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 15,215 shares, the short-interest ratio is presently 1.2 days.

Analyst Ratings Changes

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 MarketBeat.com, Fortum Oyj currently has a consensus rating of “Hold”.

Fortum Oyj Price Performance

Shares of Fortum Oyj stock traded down $0.07 during trading on Friday, hitting $4.37. 4,375 shares of the company were exchanged, compared to its average volume of 6,991. The firm’s fifty day moving average price is $4.62 and its 200 day moving average price is $4.73. Fortum Oyj has a 1-year low of $3.27 and a 1-year high of $5.27. The firm has a market capitalization of $19.61 billion and a P/E ratio of 7.04.

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.