Elisa short interest climbs to 575 shares by 30 September

Elisa Oyj (OTCMKTS:ELMUY) saw a large rise in short interest in September. As of 30 September, short interest totalled 575 shares. With average daily volume of 431 shares, the short-interest ratio stands at 1.3 days.

ELMUY opened at $20.43 on Friday. The 50-day simple moving average is $21.15 and the 200-day simple moving average is $24.73. Over the past twelve months the shares have traded between a low of $19.13 and a high of $32.83.

Elisa is a Finnish telecommunications and digital services company. It serves consumer, corporate and public-sector customers mainly in Finland and Estonia. Its work covers mobile and fixed-line communications, broadband, data services and digital communications solutions.

For consumers, Elisa offers mobile subscriptions, broadband, television and entertainment, plus related devices and support. For business and public-sector customers it provides communications networks, information technology and managed services, including cloud, cybersecurity, workplace, automation and Internet of Things solutions.

The company traces its origins to the Helsinki Telephone Association, founded in 1882, and has grown from fixed-line telephony into a broader provider of telecommunications and digital services.