Outokumpu Oyj (OTCMKTS:OUTFF – Get Rating) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totalling 925,700 shares, a decline of 44.2% from the April 15th total of 1,658,300 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.
Separately, Morgan Stanley reduced their target price on Outokumpu Oyj from €9.00 ($9.47) to €8.90 ($9.37) in a report on Tuesday, February 15th.
OUTFF stock opened at $5.55 on Friday. The business’s 50-day moving average price is $5.44 and its two-hundred day moving average price is $5.96. Outokumpu Oyj has a 1-year low of $5.00 and a 1-year high of $6.84.
Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. It offers cold rolled coils, strips, and sheets; precision strips; hot rolled coils, strips, and plates; quarto plates; precise components, including welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, press plates, roll shells, and blancs and disks; semi-finished stainless steel long products comprising billets and blooms, forged and rolled billets, cast slabs, ingots, and rebar; and stainless steel wire rods, wires, and bars.
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