Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Rises By 1,453.7%

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 63,700 shares, a growth of 1,453.7% from the September 30th total of 4,100 shares. Based on an average trading volume of 52,900 shares, the short-interest ratio is presently 1.2 days.

Stora Enso Oyj Price Performance

Shares of OTCMKTS:SEOAY traded up $0.30 during midday trading on Friday, hitting $11.46. The stock had a trading volume of 84,769 shares, compared to its average volume of 35,285. The company’s 50-day moving average price is $12.45 and its 200-day moving average price is $13.16. Stora Enso Oyj has a fifty-two week low of $11.12 and a fifty-two week high of $15.29. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $9.04 billion, a P/E ratio of -45.84, a price-to-earnings-growth ratio of 0.38 and a beta of 0.91.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its earnings results on Wednesday, July 24th. The basic materials company reported $0.08 earnings per share for the quarter, topping the consensus estimate 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 during the quarter. As a group, equities research analysts predict that Stora Enso Oyj will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SEOAY. Barclays upgraded shares of Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 7th. Citigroup raised Stora Enso Oyj from a “neutral” rating to a “buy” rating in a research report on Monday, July 1st. Finally, BNP Paribas upgraded Stora Enso Oyj to a “hold” rating in a research note 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.