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

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

Outokumpu Oyj Stock Performance

Shares of OUTFF remained flat at $3.01 during trading hours on Friday. The company’s 50-day moving average is $3.00 and its two-hundred day moving average is $3.36. Outokumpu Oyj has a 1 year low of $2.95 and a 1 year high of $3.01.

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.