Stora Enso Oyj (OTCMKTS:SEOAY) Sees Significant Increase in Short Interest

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 66,200 shares, a growth of 332.7% from the December 31st total of 15,300 shares. Based on an average trading volume of 361,300 shares, the days-to-cover ratio is presently 0.2 days.

Stora Enso Oyj Stock Up 0.7 %

Stora Enso Oyj stock traded up $0.08 during mid-day trading on Wednesday, reaching $11.06. The company’s stock had a trading volume of 21,585 shares, compared to its average volume of 115,866. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.27. The business’s 50 day simple moving average is $10.18 and its 200 day simple moving average is $11.47. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of -122.88 and a beta of 0.86. Stora Enso Oyj has a 12 month low of $9.43 and a 12 month high of $15.29.

Stora Enso Oyj Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.1049 dividend. The ex-dividend date was Friday, December 13th.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SEOAY shares. Barclays raised Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 7th. BNP Paribas upgraded Stora Enso Oyj to a “hold” rating in a research report on Tuesday, October 15th.

Stora Enso Oyj Company Profile

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.