Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Rises By 76.5%

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 3,000 shares, an increase of 76.5% from the February 13th total of 1,700 shares. Based on an average daily trading volume, of 134,600 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Stora Enso Oyj Trading Up 2.5 %

Shares of SEOAY opened at $10.76 on Friday. Stora Enso Oyj has a 1 year low of $9.43 and a 1 year high of $15.29. The company has a current ratio of 1.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $10.80 and a 200-day simple moving average of $11.12. The stock has a market cap of $8.49 billion, a PE ratio of -67.25 and a beta of 0.86.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Tuesday, February 11th. The basic materials company reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.82) by ($0.04). Stora Enso Oyj had a negative return on equity of 3.97% and a negative net margin of 1.29%. On average, sell-side analysts predict that Stora Enso Oyj will post 0.67 EPS for the current fiscal year.

Stora Enso Oyj Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 24th will be issued a dividend of $0.1348 per share. This is a boost from Stora Enso Oyj’s previous dividend of $0.10. The ex-dividend date is Monday, March 24th. Stora Enso Oyj’s dividend payout ratio (DPR) is currently -68.75%.

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.