UPM-Kymmene Oyj (OTCMKTS:UPMMY) Sees Large Increase in Short Interest

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the recipient of a large growth in short interest during the month of 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 volume of 109,100 shares, the days-to-cover ratio is currently 0.1 days.

UPM-Kymmene Oyj Price Performance

Shares of UPM-Kymmene Oyj stock traded up $0.36 during mid-day trading on Friday, hitting $27.47. 181,829 shares of the stock were exchanged, compared to its average volume of 30,779. UPM-Kymmene Oyj has a twelve month low of $26.45 and a twelve month high of $38.81. The company has a 50-day simple moving average of $31.15 and a 200 day simple moving average of $33.64.

UPM-Kymmene Oyj Announces Dividend

The company also recently announced an annual dividend, which will be paid on Friday, November 22nd. Investors 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.