Outokumpu Oyj (OTCMKTS:OUTKY) Sees Significant Growth in Short Interest

Outokumpu Oyj (OTCMKTS:OUTKY) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 6,800 shares, a growth of 195.7% from the November 30th total of 2,300 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is currently 3.0 days.

Outokumpu Oyj Stock Performance

Shares of OTCMKTS OUTKY traded up $0.09 during midday trading on Friday, hitting $1.47. The company’s stock had a trading volume of 1,000 shares, compared to its average volume of 2,093. The stock has a fifty day moving average price of $1.65 and a 200 day moving average price of $1.76. The company has a current ratio of 1.67, a quick ratio of 0.66 and a debt-to-equity ratio of 0.10. Outokumpu Oyj has a one year low of $1.39 and a one year high of $2.41. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -5.25 and a beta of 0.77.

Outokumpu Oyj (OTCMKTS:OUTKY) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.03 EPS for the quarter. Outokumpu Oyj had a negative net margin of 4.10% and a negative return on equity of 6.65%. The firm had revenue of $1.67 billion for the quarter. On average, research analysts forecast that Outokumpu Oyj will post -0.01 EPS for the current fiscal year.

About Outokumpu Oyj

Outokumpu Oyj produces and sells various stainless steel products in Finland, other European countries, North America, the Asia-Pacific, and internationally. The company operates through three segments: Europe, Americas, and Ferrochrome. It offers cold rolled coils, strips, and sheets; hot rolled coils, strips, and plates; quarto plates; precision strips; and specialized components, such as welded stainless-steel I-beams, H-beams, hollow-section tubes, bent profiles, structural sections, hardened and customized press plates, suction roll shells, and blancs and disks.