Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 61,100 shares, an increase of 281.9% from the August 31st total of 16,000 shares. Based on an average daily volume of 98,700 shares, the days-to-cover ratio is currently 0.6 days.

Stora Enso Oyj Stock Performance

SEOAY stock traded down $0.10 on Friday, hitting $12.74. 35,374 shares of the company’s stock traded hands, compared to its average volume of 50,459. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 0.40. Stora Enso Oyj has a 1-year low of $11.19 and a 1-year high of $15.29. The stock has a fifty day moving average of $12.42 and a 200-day moving average of $13.33.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Stora Enso Oyj had a negative return on equity of 3.76% and a negative net margin of 2.17%. The firm had revenue of $2.48 billion for the quarter. On average, research analysts expect that Stora Enso Oyj will post 0.57 EPS for the current year.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Stora Enso Oyj from a “neutral” rating to a “buy” rating in a report on Monday, July 1st.

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.