Short Interest in Outokumpu Oyj (OTCMKTS:OUTKY) Rises By 195.7%

Outokumpu Oyj (OTCMKTS:OUTKY) was the recipient of a significant growth in short interest in 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 volume of 2,300 shares, the short-interest ratio is presently 3.0 days.

Outokumpu Oyj Price Performance

OUTKY stock traded up $0.09 during trading hours on Friday, hitting $1.47. 1,000 shares of the stock traded hands, compared to its average volume of 2,093. The stock has a 50-day simple moving average of $1.65 and a 200 day simple moving average of $1.76. The company has a market cap of $1.34 billion, a P/E ratio of -5.25 and a beta of 0.77. Outokumpu Oyj has a one year low of $1.39 and a one year high of $2.41. 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 (OTCMKTS:OUTKY) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.03 earnings per share (EPS) for the quarter. Outokumpu Oyj had a negative net margin of 4.10% and a negative return on equity of 6.65%. The company had revenue of $1.67 billion for the quarter. Equities analysts forecast that Outokumpu Oyj will post -0.01 earnings per share for the current 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.