Fortum Oyj (OTCMKTS:FOJCY – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 12,000 shares, a growth of 112.1% from the May 31st total of 5,659 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 14,672 shares, the days-to-cover ratio is presently 0.8 days.
Fortum Oyj Stock Down 3.9%
Shares of OTCMKTS FOJCY traded down $0.18 during midday trading on Wednesday, hitting $4.45. The stock had a trading volume of 4,035 shares, compared to its average volume of 6,933. Fortum Oyj has a 1-year low of $3.27 and a 1-year high of $5.27. The company has a market capitalization of $19.96 billion and a price-to-earnings ratio of 7.04. The company has a fifty day moving average price of $4.78 and a 200 day moving average price of $4.69.
Analysts Set New Price Targets
Separately, Zacks Research upgraded shares of Fortum Oyj to a “hold” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Fortum Oyj has an average rating of “Hold”.
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.
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