Short Interest in Fortum Oyj (OTCMKTS:FOJCY) Expands By 60.0%

Fortum Oyj (OTCMKTS:FOJCY) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,400 shares, a growth of 60.0% from the October 31st total of 1,500 shares. Based on an average daily volume of 7,500 shares, the days-to-cover ratio is presently 0.3 days.

Fortum Oyj Stock Up 1.1 %

Shares of FOJCY stock traded up $0.03 during trading hours on Friday, reaching $2.93. The stock had a trading volume of 944 shares, compared to its average volume of 5,364. The firm has a 50-day simple moving average of $2.99 and a 200-day simple moving average of $3.02. Fortum Oyj has a twelve month low of $2.29 and a twelve month high of $3.32.

Fortum Oyj Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 2nd were paid a $0.1272 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This is a positive change from Fortum Oyj’s previous dividend of $0.10. Fortum Oyj’s dividend payout ratio (DPR) is presently 23.57%.

About Fortum Oyj

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.