Outokumpu (OTCMKTS:OUTKY) Shares Shorted: Short Interest Up 50.6% in September

Outokumpu (OTCMKTS:OUTKY) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 4,752 shares, an increase of 50.6% from the August 31st total of 3,156 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 353 shares, the short-interest ratio is presently 13.5 days.

Outokumpu Price Performance

Shares of OUTKY stock remained flat at $3.18 during trading on Thursday. 1,032 shares of the stock traded hands, compared to its average volume of 95. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -31.83 and a beta of 0.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.53 and a quick ratio of 0.60. The firm’s 50-day moving average price is $3.16 and its two-hundred day moving average price is $3.13. Outokumpu has a 1 year low of $1.90 and a 1 year high of $3.66.

Outokumpu (OTCMKTS:OUTKY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%. As a group, equities research analysts expect that Outokumpu will post 0.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research report on Friday, September 4th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Outokumpu

Outokumpu Oyj is a Finland-based metals company specializing in stainless steel and related products. Its portfolio includes stainless steel in coils, sheets, plates and long products, as well as specialty grades designed for demanding applications such as corrosion resistance, high temperatures and hygiene. The company also produces ferrochrome, an important raw material used in stainless steel manufacturing.

Outokumpu serves customers across industries including construction, automotive, transportation, energy, food and beverage, and industrial equipment.