Metso Oyj (OTCMKTS:OUKPY) Sees Significant Increase in Short Interest

Metso Oyj (OTCMKTS:OUKPY) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 47,850 shares, a growth of 93.8% from the June 15th total of 24,693 shares. Based on an average daily trading volume, of 85,143 shares, the days-to-cover ratio is presently 0.6 days.

Metso Oyj Price Performance

Shares of OTCMKTS:OUKPY traded down $0.06 during midday trading on Thursday, hitting $8.72. The company had a trading volume of 12,402 shares, compared to its average volume of 42,378. Metso Oyj has a twelve month low of $6.02 and a twelve month high of $10.93. The business’s 50-day simple moving average is $8.83 and its 200-day simple moving average is $9.12.

Metso Oyj Company Profile

Metso Oyj is a Finnish industrial machinery and services company specializing in technology and equipment for mining, aggregates and recycling industries. The company designs, manufactures and services a comprehensive product portfolio that includes crushers, screens, grinding mills and pumps. Metso’s service offerings encompass maintenance, spare parts supply, condition monitoring and process optimization, all aimed at enhancing productivity and minimizing downtime for its customers worldwide.

Established in 1999 through the merger of Valmet’s paper and forest machinery operations and Outokumpu’s mining and rock-crushing businesses, Metso has expanded its capabilities via strategic acquisitions and partnerships.