Fortum Oyj (OTCMKTS:FOJCY) Sees Significant Increase in Short Interest

Fortum Oyj (OTCMKTS:FOJCY) was the recipient of a large growth in short interest in 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 short-interest ratio is currently 0.3 days.

Fortum Oyj Trading Up 1.1 %

Shares of FOJCY stock traded up $0.03 during mid-day trading on Friday, reaching $2.93. The stock had a trading volume of 944 shares, compared to its average volume of 5,364. Fortum Oyj has a 12-month low of $2.29 and a 12-month high of $3.32. The business has a 50-day simple moving average of $2.99 and a 200 day simple moving average of $3.02.

Fortum Oyj Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 2nd were issued a dividend of $0.1272 per share. This is an increase from Fortum Oyj’s previous dividend of $0.10. The ex-dividend date of this dividend was Wednesday, October 2nd. Fortum Oyj’s dividend payout ratio (DPR) is 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.