UPM-Kymmene Oyj (OTCMKTS:UPMMY) Sees Large Increase in Short Interest

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

UPM-Kymmene Oyj Trading Up 0.1 %

Shares of UPMMY traded up $0.04 during mid-day trading on Tuesday, reaching $29.31. The company had a trading volume of 83,593 shares, compared to its average volume of 147,137. The company’s 50 day simple moving average is $27.45 and its 200 day simple moving average is $30.40. UPM-Kymmene Oyj has a 1-year low of $25.95 and a 1-year high of $38.81.

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.