Fortum Oyj (OTCMKTS:FOJCY) Short Interest Up 60.0% in November

Fortum Oyj (OTCMKTS:FOJCY) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,400 shares, an increase 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 presently 0.3 days.

Fortum Oyj Stock Performance

Fortum Oyj stock opened at $2.90 on Friday. The business’s 50 day simple moving average is $2.99 and its 200 day simple moving average is $3.02. Fortum Oyj has a 12 month low of $2.29 and a 12 month high of $3.32.

Fortum Oyj Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 2nd were given a dividend of $0.1272 per share. The ex-dividend date of this dividend was Wednesday, October 2nd. This is a boost from Fortum Oyj’s previous dividend of $0.10. Fortum Oyj’s dividend payout ratio is currently 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.