Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Expands By 516.1%

UPM-Kymmene Oyj (OTCMKTS:UPMMY) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 57,300 shares, an increase of 516.1% from the December 15th total of 9,300 shares. Based on an average daily volume of 331,900 shares, the days-to-cover ratio is presently 0.2 days.

UPM-Kymmene Oyj Stock Performance

UPM-Kymmene Oyj stock traded down $0.25 during mid-day trading on Wednesday, hitting $27.56. 303,329 shares of the company were exchanged, compared to its average volume of 188,812. UPM-Kymmene Oyj has a 12-month low of $25.95 and a 12-month high of $38.81. The business’s 50 day simple moving average is $27.34 and its two-hundred day simple moving average is $30.81.

About UPM-Kymmene Oyj

UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry in Europe, North America, Asia, and internationally. It operates through UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for transport and petrochemical industry.