Outokumpu Oyj (OTCMKTS:OUTFF) Sees Significant Decline in Short Interest

Outokumpu Oyj (OTCMKTS:OUTFF) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 369,900 shares, a drop of 45.2% from the February 13th total of 675,000 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Outokumpu Oyj Stock Performance

OUTFF stock remained flat at $3.01 during trading on Friday. The stock’s 50 day moving average is $3.00 and its 200 day moving average is $3.36. Outokumpu Oyj has a 52 week low of $2.95 and a 52 week high of $3.01.

Outokumpu Oyj Company Profile

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.