Fortum Oyj (OTCMKTS:FOJCY) Short Interest Update

Fortum Oyj (OTCMKTS:FOJCY) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 12,293 shares, a drop of 35.2% from the July 15th total of 18,973 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 13,788 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Fortum Oyj to a “hold” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Fortum Oyj Trading Down 1.4%

OTCMKTS FOJCY opened at $4.51 on Tuesday. Fortum Oyj has a fifty-two week low of $3.27 and a fifty-two week high of $5.27. The business’s fifty day moving average is $4.54 and its 200 day moving average is $4.73.

About Fortum Oyj

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.