Fortum Oyj (OTCMKTS:FOJCY – Get Free Report) was the target 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 trading volume, of 7,500 shares, the days-to-cover ratio is presently 0.3 days.
Fortum Oyj Stock Performance
Shares of FOJCY opened at $2.90 on Friday. Fortum Oyj has a twelve month low of $2.29 and a twelve month high of $3.32. The business’s 50-day moving average price is $2.99 and its 200-day moving average price is $3.02.
Fortum Oyj Increases Dividend
The company also recently announced a dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 2nd were paid a $0.1272 dividend. 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%.
Fortum Oyj Company Profile
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.
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