Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) 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.
Get Our Latest Stock Analysis on Stora Enso Oyj
Stora Enso Oyj Trading Up 2.7 %
Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) 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.
See Also
- Five stocks we like better than Stora Enso Oyj
- Market Cap Calculator: How to Calculate Market Cap
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Comparing and Trading High PE Ratio Stocks
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- What is the Dogs of the Dow Strategy? Overview and Examples
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Stora Enso Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stora Enso Oyj and related companies with MarketBeat.com's FREE daily email newsletter.