Short Interest in Fortum Oyj (OTCMKTS:FOJCY) Expands By 77.7%

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 18,973 shares, a growth of 77.7% from the June 30th total of 10,679 shares. Based on an average daily trading volume, of 15,215 shares, the short-interest ratio is presently 1.2 days. Approximately 0.0% of the shares of the company are short sold.

Fortum Oyj Trading Up 1.3%

Fortum Oyj stock opened at $4.40 on Thursday. The firm has a market capitalization of $19.74 billion and a price-to-earnings ratio of 7.04. The firm’s fifty day moving average price is $4.64 and its two-hundred day moving average price is $4.73. Fortum Oyj has a 1-year low of $3.27 and a 1-year high of $5.27.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Fortum Oyj to a “hold” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Fortum Oyj 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.