Outokumpu (OTCMKTS:OUTKY) Short Interest Down 89.2% in April

Outokumpu (OTCMKTS:OUTKY) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 276 shares, a decrease of 89.2% from the April 15th total of 2,560 shares. Based on an average trading volume of 91 shares, the short-interest ratio is presently 3.0 days. Approximately 0.0% of the company’s shares are short sold.

Outokumpu Price Performance

OUTKY stock remained flat at $3.45 during trading on Tuesday. 50 shares of the company’s stock traded hands, compared to its average volume of 85. The stock has a market cap of $3.26 billion, a PE ratio of -21.54 and a beta of 0.68. Outokumpu has a 12-month low of $1.73 and a 12-month high of $3.45. The firm’s 50 day moving average price is $3.05 and its two-hundred day moving average price is $2.73. The company has a quick ratio of 0.58, a current ratio of 1.63 and a debt-to-equity ratio of 0.15.

Outokumpu (OTCMKTS:OUTKY) last posted its earnings results on Thursday, February 12th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.05. Outokumpu had a negative return on equity of 4.00% and a negative net margin of 2.55%.The company had revenue of $1.35 billion during the quarter. As a group, equities research analysts expect that Outokumpu will post 0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Jefferies Financial Group cut shares of Outokumpu from a “buy” rating to a “hold” rating in a research report on Friday, January 16th. Citigroup reaffirmed a “neutral” rating on shares of Outokumpu in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a report on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Outokumpu currently has a consensus rating of “Hold”.

Outokumpu Company Profile

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.