Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Up 1,453.7% in October

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SEOAY shares. Citigroup upgraded Stora Enso Oyj from a “neutral” rating to a “buy” rating in a research report on Monday, July 1st. BNP Paribas raised shares of Stora Enso Oyj to a “hold” rating in a report on Tuesday, October 15th. Finally, Barclays upgraded shares of Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 7th.

Stora Enso Oyj Trading Up 2.7 %

Stora Enso Oyj stock traded up $0.30 during mid-day trading on Friday, hitting $11.46. 84,769 shares of the stock were exchanged, compared to its average volume of 35,285. The firm’s fifty day simple moving average is $12.45 and its two-hundred day simple moving average is $13.16. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 0.40. Stora Enso Oyj has a 12 month low of $11.12 and a 12 month high of $15.29. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of -45.84, a PEG ratio of 0.38 and a beta of 0.91.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced 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. The company had revenue of $2.48 billion for the quarter. Stora Enso Oyj had a negative return on equity of 3.76% and a negative net margin of 2.17%. Analysts forecast that Stora Enso Oyj will post 0.6 EPS for the current 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.