Fortum Oyj (OTCMKTS:FOJCY) Sees Significant Growth in Short Interest

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a large increase in short interest in August. As of August 15th, there was short interest totalling 17,800 shares, an increase of 32.8% from the July 31st total of 13,400 shares. Based on an average daily trading volume, of 3,400 shares, the days-to-cover ratio is currently 5.2 days.

Fortum Oyj Stock Performance

Shares of OTCMKTS:FOJCY opened at $3.17 on Friday. Fortum Oyj has a 52-week low of $2.11 and a 52-week high of $3.25. The stock’s fifty day simple moving average is $3.04 and its 200-day simple moving average is $2.80.

Fortum Oyj Company Profile

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Sweden, Germany, the United Kingdom, the Netherlands, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and solar power; and provides district heating and cooling, and decarbonization services.