Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Declines By 93.9%

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,100 shares, a drop of 93.9% from the January 31st total of 18,100 shares. Based on an average daily volume of 130,500 shares, the days-to-cover ratio is presently 0.0 days.

UPM-Kymmene Oyj Stock Performance

UPMMY stock opened at $29.16 on Friday. The business has a 50-day moving average price of $28.67 and a 200 day moving average price of $29.90. UPM-Kymmene Oyj has a 1-year low of $25.95 and a 1-year high of $38.81.

UPM-Kymmene Oyj Company Profile

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.