Elisa Oyj (OTCMKTS:ELMUF) Sees Significant Increase in Short Interest

Elisa Oyj (OTCMKTS:ELMUF) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 798,869 shares, a growth of 72.4% from the April 15th total of 463,456 shares. Based on an average daily volume of 524 shares, the days-to-cover ratio is currently 1,524.6 days.

Elisa Oyj Price Performance

Shares of ELMUF remained flat at $48.40 during trading hours on Tuesday. The stock’s 50 day simple moving average is $44.63 and its 200-day simple moving average is $45.40. Elisa Oyj has a twelve month low of $43.57 and a twelve month high of $54.42.

Elisa Oyj Company Profile

Elisa Oyj is a leading Finnish telecommunications and digital services company that provides a broad range of communications solutions to consumer and corporate customers. The company’s core offerings include mobile and fixed?line telephony, broadband internet connections, and data communications built on extensive fiber and 4G/5G networks. In addition to connectivity, Elisa delivers IT and cloud services, cybersecurity solutions, and digital content such as entertainment streaming and gaming platforms.

Founded in 1882 as the Helsinki Telephone Company, Elisa has evolved over more than a century from a regional telephone operator into a modern technology provider.