Fortum Oyj (OTCMKTS:FOJCY) Sees Significant Growth in Short Interest

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 21,800 shares, an increase of 990.0% from the December 31st total of 2,000 shares. Based on an average daily trading volume, of 16,900 shares, the days-to-cover ratio is currently 1.3 days.

Fortum Oyj Stock Down 4.5 %

Shares of OTCMKTS:FOJCY opened at $2.74 on Wednesday. The business’s 50-day moving average is $2.80 and its 200 day moving average is $2.96. Fortum Oyj has a 1 year low of $2.29 and a 1 year high of $3.32.

Fortum Oyj Company Profile

Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Sweden, Germany, the United Kingdom, the Netherlands, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and solar power; and provides district heating and cooling, and decarbonization services.