Fortum Oyj (OTCMKTS:FOJCY) Sees Large Decrease in Short Interest

Fortum Oyj (OTCMKTS:FOJCY) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 9,372 shares, a decrease of 15.6% from the February 26th total of 11,106 shares. Based on an average daily trading volume, of 4,081 shares, the short-interest ratio is currently 2.3 days.

Fortum Oyj Price Performance

OTCMKTS FOJCY opened at $4.67 on Monday. The business has a 50 day simple moving average of $4.67 and a 200 day simple moving average of $4.31. Fortum Oyj has a 52-week low of $2.56 and a 52-week high of $5.12.

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.