Short Interest in Elisa Oyj (OTCMKTS:ELMUF) Declines By 56.6%
by Tristan Rich · The Markets DailyElisa Oyj (OTCMKTS:ELMUF – Get Free Report) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 477,731 shares, a decrease of 56.6% from the June 15th total of 1,101,321 shares. Based on an average daily trading volume, of 26 shares, the days-to-cover ratio is currently 18,374.3 days.
Elisa Oyj Stock Performance
Elisa Oyj stock remained flat at $48.44 during trading on Tuesday. The stock has a 50 day simple moving average of $48.43 and a 200 day simple moving average of $45.31. Elisa Oyj has a 1-year low of $48.40 and a 1-year high of $48.44.
About Elisa Oyj
Elisa Oyj is a leading Finnish telecommunications and digital services company that provides a broad range of communications solutions to consumer and corporate customers. The company’s core offerings include mobile and fixed‐line telephony, broadband internet connections, and data communications built on extensive fiber and 4G/5G networks. In addition to connectivity, Elisa delivers IT and cloud services, cybersecurity solutions, and digital content such as entertainment streaming and gaming platforms.
Founded in 1882 as the Helsinki Telephone Company, Elisa has evolved over more than a century from a regional telephone operator into a modern technology provider.