Fortum Oyj (OTCMKTS:FOJCY) Short Interest Update

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 18,973 shares, a growth of 77.7% from the June 30th total of 10,679 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 15,215 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

Separately, Zacks Research raised Fortum Oyj to a “hold” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Fortum Oyj presently has a consensus rating of “Hold”.

Fortum Oyj Stock Up 1.3%

Shares of FOJCY opened at $4.40 on Thursday. Fortum Oyj has a 52-week low of $3.27 and a 52-week high of $5.27. The company has a 50-day simple moving average of $4.64 and a 200-day simple moving average of $4.73. The company has a market capitalization of $19.74 billion and a PE ratio of 7.04.

Fortum Oyj Company Profile

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.