Outokumpu Oyj (OTCMKTS:OUTFF) Shares Shorted: Short Interest Down 71.0% in October

Outokumpu Oyj (OTCMKTS:OUTFF) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 249,023 shares, a drop of 71.0% from the October 15th total of 858,591 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Outokumpu Oyj Stock Performance

Shares of OTCMKTS:OUTFF remained flat at $4.14 during mid-day trading on Friday. 4,300 shares of the company traded hands, compared to its average volume of 632. Outokumpu Oyj has a fifty-two week low of $4.14 and a fifty-two week high of $7.02. The firm’s 50-day simple moving average is $5.69 and its 200 day simple moving average is $5.89.

About Outokumpu Oyj

Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers in Europe, the Americas and other international markets. The company produces stainless steel for applications including construction, transportation, industrial equipment, energy, food processing and consumer products. Its product portfolio includes stainless steel coils, sheets, plates and long products, along with specialized grades designed for demanding operating environments. Outokumpu also provides technical, processing and customer services and operates its own ferrochrome production activities, which support the manufacture of stainless steel.