Outokumpu (OTCMKTS:OUTKY) Short Interest Up 593.4% in June

Outokumpu (OTCMKTS:OUTKY) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 6,858 shares, an increase of 593.4% from the May 31st total of 989 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 743 shares, the days-to-cover ratio is currently 9.2 days.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on OUTKY shares. Oddo Bhf upgraded shares of Outokumpu to an “outperform” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Outokumpu in a research note on Wednesday, May 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research report on Wednesday, May 20th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold”.

Outokumpu Price Performance

Shares of OTCMKTS OUTKY remained flat at $3.10 during trading hours on Friday. The stock has a market cap of $2.93 billion, a PE ratio of -20.67 and a beta of 0.71. The company has a current ratio of 1.56, a quick ratio of 0.60 and a debt-to-equity ratio of 0.15. Outokumpu has a one year low of $1.89 and a one year high of $3.66. The stock has a 50-day simple moving average of $3.30 and a 200 day simple moving average of $2.97.

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.