Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Rises By 22.4%

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 8,200 shares, a growth of 22.4% from the October 15th total of 6,700 shares. Based on an average daily trading volume, of 109,100 shares, the short-interest ratio is currently 0.1 days.

UPM-Kymmene Oyj Stock Performance

Shares of OTCMKTS UPMMY opened at $27.47 on Friday. UPM-Kymmene Oyj has a 12-month low of $26.45 and a 12-month high of $38.81. The firm’s 50-day moving average price is $31.15 and its 200-day moving average price is $33.64.

UPM-Kymmene Oyj Dividend Announcement

The business also recently disclosed an annual dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st will be given a dividend of $0.8112 per share. The ex-dividend date is Wednesday, October 30th. This represents a yield of 2.42%.

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.