Short Interest in Metso Outotec Oyj (OTCMKTS:OUKPY) Rises By 1,200.0%

Metso Outotec Oyj (OTCMKTS:OUKPY – Get Rating) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,300 shares, an increase of 1,200.0% from the April 30th total of 100 shares. Based on an average daily volume of 9,200 shares, the short-interest ratio is currently 0.1 days.

Metso Outotec Oyj Trading Down 4.5 %

Shares of OTCMKTS OUKPY traded down $0.24 during trading hours on Friday, hitting $5.13. The stock had a trading volume of 2,300 shares, compared to its average volume of 11,001. The firm’s 50-day moving average price is $5.52 and its two-hundred day moving average price is $5.24. Metso Outotec Oyj has a 52 week low of $3.02 and a 52 week high of $6.02.

Metso Outotec Oyj Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 30th. Shareholders of record on Friday, May 5th will be given a $0.0467 dividend. This represents a yield of 1.46%. This is an increase from Metso Outotec Oyj’s previous dividend of $0.03. The ex-dividend date is Thursday, May 4th.

Analyst Ratings Changes

Several research analysts have recently issued reports on OUKPY shares. Pareto Securities upgraded shares of Metso Outotec Oyj from a “hold” rating to a “buy” rating in a report on Monday, February 20th. Citigroup upgraded shares of Metso Outotec Oyj from a “neutral” rating to a “buy” rating in a report on Wednesday, April 5th. UBS Group cut shares of Metso Outotec Oyj from a “buy” rating to a “neutral” rating in a report on Wednesday, February 22nd. Finally, AlphaValue upgraded shares of Metso Outotec Oyj to a “reduce” rating in a report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.40.

About Metso Outotec Oyj

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Metso Outotec Oyj manufactures and supplies equipment for the mining industry. It is a supplier of sustainable technologies, end-to-end solutions and services for the minerals processing, aggregates, and metals refining industries. The firm operates through the following segments: Aggregates, Minerals, and Metals segments.