UPM-Kymmene Oyj (OTCMKTS:UPMMY) Sees Significant Decrease in Short Interest

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 700 shares, a drop of 98.3% from the November 15th total of 40,500 shares. Based on an average daily trading volume, of 279,400 shares, the short-interest ratio is presently 0.0 days.

UPM-Kymmene Oyj Trading Up 0.5 %

UPMMY stock traded up $0.15 during midday trading on Wednesday, reaching $28.25. 261,779 shares of the company’s stock traded hands, compared to its average volume of 38,889. The business has a 50-day moving average price of $29.21 and a two-hundred day moving average price of $32.40. UPM-Kymmene Oyj has a fifty-two week low of $26.15 and a fifty-two week high of $38.81.

UPM-Kymmene Oyj Dividend Announcement

The business also recently announced an annual dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 31st were given a $0.8112 dividend. This represents a dividend yield of 2.42%. The ex-dividend date was Wednesday, October 30th.

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.