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

Fortum Oyj (OTCMKTS:FOJCY) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 10,800 shares, a decline of 36.5% from the September 15th total of 17,000 shares. Based on an average daily volume of 5,000 shares, the short-interest ratio is currently 2.2 days.

Fortum Oyj Price Performance

Shares of FOJCY traded down $0.09 during midday trading on Monday, hitting $3.06. The company had a trading volume of 541 shares, compared to its average volume of 5,746. Fortum Oyj has a 52 week low of $2.20 and a 52 week high of $3.32. The company’s 50 day moving average price is $3.12 and its 200 day moving average price is $2.95.

Fortum Oyj Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.1272 per share. The ex-dividend date of this dividend is Wednesday, October 2nd. This is an increase from Fortum Oyj’s previous dividend of $0.10. Fortum Oyj’s dividend payout ratio is currently 23.57%.

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.