Outokumpu (OTCMKTS:OUTKY) Stock Short Interest Report for October

Key Points

• Outokumpu’s short interest fell 48.9% in October to 2,447 shares, representing 0.0% of shares outstanding and a short-interest ratio of 1.5 days.
• Shares traded at $2.45, below their 50-day and 200-day moving averages, while the stock remains within a 1-year range of $1.90 to $3.66. The company’s latest quarterly results missed analyst estimates for both earnings and revenue.
• Analyst sentiment remains cautious: one analyst rates Outokumpu a Buy and four rate it Hold, resulting in a consensus Hold rating.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 2,447 shares, a decline of 48.9% from the September 30th total of 4,788 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,647 shares, the short-interest ratio is currently 1.5 days.

Outokumpu Price Performance

OUTKY stock traded down $0.13 during midday trading on Friday, reaching $2.45. 85,178 shares of the company's stock traded hands, compared to its average volume of 881. The company has a 50-day simple moving average of $2.94 and a two-hundred day simple moving average of $3.05. The company has a market cap of $2.32 billion, a price-to-earnings ratio of -24.50 and a beta of 0.65. The company has a quick ratio of 0.60, a current ratio of 1.53 and a debt-to-equity ratio of 0.15. Outokumpu has a 1-year low of $1.90 and a 1-year high of $3.66.

Outokumpu (OTCMKTS:OUTKY - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Outokumpu had a negative return on equity of 2.38% and a negative net margin of 1.48%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.97 billion. On average, analysts anticipate that Outokumpu will post 0.10 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OUTKY shares. Citigroup reissued a "neutral" rating on shares of Outokumpu in a report on Tuesday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Outokumpu in a research report on Friday, September 4th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

About Outokumpu

Outokumpu Oyj is a Finland-based stainless steel manufacturer serving customers across Europe, the Americas and other international markets. The company produces stainless steel for applications in industries including construction, automotive, transportation, energy, food processing and industrial equipment.

Its product portfolio includes stainless steel coils, sheets, plates, strips and long products, along with specialized grades designed for demanding environments. Outokumpu also produces ferrochrome, an important raw material used in stainless steel manufacturing, and provides related technical, processing and customer support services.

Outokumpu traces its origins to 1910, when copper ore was discovered in Outokumpu, Finland.

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