Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Decreases By 90.7%

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 16,000 shares, a drop of 90.7% from the August 15th total of 171,200 shares. Based on an average trading volume of 71,700 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

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

Stora Enso Oyj Stock Up 0.4 %

Shares of SEOAY traded up $0.05 during trading hours on Friday, hitting $12.22. The stock had a trading volume of 26,682 shares, compared to its average volume of 32,889. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.54 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $12.65 and a 200-day simple moving average of $13.34. The firm has a market capitalization of $9.64 billion, a P/E ratio of -19.32, a price-to-earnings-growth ratio of 0.41 and a beta of 0.91. Stora Enso Oyj has a 1-year low of $11.19 and a 1-year high of $15.29.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Wednesday, July 24th. The basic materials company reported $0.08 EPS for the quarter, beating 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 company had revenue of $2.48 billion during the quarter. Sell-side analysts predict that Stora Enso Oyj will post 0.57 EPS for the current fiscal year.

About Stora Enso Oyj

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.