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

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 2,000 shares, a drop of 62.3% from the May 31st total of 5,300 shares. Based on an average daily volume of 32,800 shares, the short-interest ratio is currently 0.1 days.

UPM-Kymmene Oyj Trading Down 1.5 %

UPM-Kymmene Oyj stock traded down $0.52 during mid-day trading on Friday, reaching $34.83. The stock had a trading volume of 13,386 shares, compared to its average volume of 21,522. UPM-Kymmene Oyj has a fifty-two week low of $29.35 and a fifty-two week high of $38.81. The stock’s 50-day simple moving average is $36.50 and its 200-day simple moving average is $35.16.

About UPM-Kymmene Oyj

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.