Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Declines By 67.9%

UPM-Kymmene Oyj (OTCMKTS:UPMMY) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 18,400 shares, a decrease of 67.9% from the December 31st total of 57,300 shares. Based on an average daily volume of 325,600 shares, the days-to-cover ratio is currently 0.1 days.

UPM-Kymmene Oyj Stock Performance

OTCMKTS UPMMY opened at $29.33 on Friday. The stock’s 50-day moving average is $27.65 and its two-hundred day moving average is $30.32. UPM-Kymmene Oyj has a fifty-two week low of $25.95 and a fifty-two week 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.