Outokumpu (OTCMKTS:OUTKY) Sees Large Drop in Short Interest

Outokumpu (OTCMKTS:OUTKY) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 276 shares, a decline of 89.2% from the April 15th total of 2,560 shares. Based on an average daily trading volume, of 91 shares, the short-interest ratio is presently 3.0 days. Approximately 0.0% of the company’s shares are short sold.

Outokumpu Stock Performance

Shares of OTCMKTS:OUTKY remained flat at $3.45 during trading on Wednesday. The company has a current ratio of 1.63, a quick ratio of 0.58 and a debt-to-equity ratio of 0.15. Outokumpu has a 1 year low of $1.73 and a 1 year high of $3.45. The firm has a 50 day moving average of $3.05 and a two-hundred day moving average of $2.74.

Outokumpu (OTCMKTS:OUTKY) last posted its earnings results on Thursday, February 12th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.05. Outokumpu had a negative net margin of 2.55% and a negative return on equity of 4.00%. The firm had revenue of $1.35 billion during the quarter. On average, analysts anticipate that Outokumpu will post 0.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OUTKY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Outokumpu in a research note on Wednesday. Citigroup reiterated a “neutral” rating on shares of Outokumpu in a report on Friday, April 17th. Finally, Jefferies Financial Group lowered shares of Outokumpu from a “buy” rating to a “hold” rating in a report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

About Outokumpu

Outokumpu Oyj is a Finland-based global producer of stainless steel products and one of Europe’s leading stainless steel manufacturers. Headquartered in Helsinki, the company traces its roots back to mining operations established in 1910 and has, over decades, transformed into a focused stainless steel specialist. Outokumpu’s core business encompasses the production of high-grade stainless steel in flat and long product forms, serving a broad range of industries including automotive, construction, energy, and consumer goods.

The company’s primary product portfolio includes cold-rolled and hot-rolled coils and sheets, plates, strips, bars and wire, as well as tailor-made and value-added solutions such as precision-cut blanks and welded tubes.