Short Interest in Outokumpu (OTCMKTS:OUTKY) Decreases By 89.2%

Outokumpu (OTCMKTS:OUTKY) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 276 shares, a decline of 89.2% from the April 15th total of 2,560 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 91 shares, the short-interest ratio is currently 3.0 days.

Outokumpu Stock Performance

Shares of OUTKY remained flat at $3.45 during trading hours on Tuesday. The company had a trading volume of 50 shares, compared to its average volume of 85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.58 and a current ratio of 1.63. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of -21.54 and a beta of 0.68. The stock has a 50-day simple moving average of $3.05 and a two-hundred day simple moving average of $2.73. Outokumpu has a twelve month low of $1.73 and a twelve month high of $3.45.

Outokumpu (OTCMKTS:OUTKY) last posted its quarterly earnings results on Thursday, February 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.05. The firm had revenue of $1.35 billion during the quarter. Outokumpu had a negative return on equity of 4.00% and a negative net margin of 2.55%. As a group, sell-side analysts predict that Outokumpu will post 0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OUTKY shares. Citigroup restated a “neutral” rating on shares of Outokumpu in a report on Friday, April 17th. Jefferies Financial Group downgraded Outokumpu from a “buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Outokumpu presently has an average rating of “Hold”.

About Outokumpu

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.