Fortum Oyj (OTCMKTS:FOJCY) Short Interest Update

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 6,733 shares, a decline of 28.2% from the March 15th total of 9,372 shares. Based on an average trading volume of 21,366 shares, the days-to-cover ratio is presently 0.3 days.

Fortum Oyj Stock Performance

FOJCY stock opened at $5.15 on Thursday. The firm’s 50-day moving average price is $4.80 and its two-hundred day moving average price is $4.44. Fortum Oyj has a 12-month low of $2.84 and a 12-month high of $5.27.

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.