Fortum Oyj (OTCMKTS:FOJCY) Short Interest Update

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totaling 12,000 shares, a growth of 112.1% from the May 31st total of 5,659 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 14,672 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Fortum Oyj to a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Fortum Oyj Trading Up 7.4%

OTCMKTS FOJCY opened at $4.63 on Tuesday. The firm has a market cap of $20.76 billion and a PE ratio of 7.04. Fortum Oyj has a 1-year low of $3.27 and a 1-year high of $5.27. The stock has a 50-day moving average of $4.79 and a 200-day moving average of $4.69.

About Fortum Oyj

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.