Fortum Oyj (OTCMKTS:FOJCY) Short Interest Down 35.2% in July

Fortum Oyj (OTCMKTS:FOJCY) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 12,293 shares, a decline of 35.2% from the July 15th total of 18,973 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,788 shares, the days-to-cover ratio is currently 0.9 days.

Fortum Oyj Stock Up 3.0%

Shares of FOJCY opened at $4.64 on Wednesday. The stock’s fifty day simple moving average is $4.54 and its 200 day simple moving average is $4.73. Fortum Oyj has a twelve month low of $3.27 and a twelve month high of $5.27.

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 analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.