Outokumpu Oyj (OTCMKTS:OUTFF – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 858,591 shares, a decrease of 37.4% from the September 30th total of 1,371,905 shares. Based on an average daily volume of 782 shares, the days-to-cover ratio is presently 1,097.9 days.
Outokumpu Oyj Stock Performance
OTCMKTS:OUTFF remained flat at $5.43 on Monday. Outokumpu Oyj has a 52-week low of $4.88 and a 52-week high of $7.02. The company’s fifty day moving average is $5.95 and its two-hundred day moving average is $5.89.
About Outokumpu Oyj
Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers in Europe, the Americas and other international markets. The company produces stainless steel for applications including construction, transportation, industrial equipment, energy, food processing and consumer products.
Its product portfolio includes stainless steel coils, sheets, plates and long products, along with specialized grades designed for demanding operating environments. Outokumpu also provides technical, processing and customer services and operates its own ferrochrome production activities, which support the manufacture of stainless steel.
The company traces its origins to a copper-mining operation established in Finland in 1910 and later developed into a diversified metals business before focusing on stainless steel.
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