Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Increases By 1,228.6%

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 9,300 shares, an increase of 1,228.6% from the November 30th total of 700 shares. Based on an average daily trading volume, of 261,500 shares, the short-interest ratio is currently 0.0 days.

UPM-Kymmene Oyj Trading Up 0.7 %

OTCMKTS UPMMY traded up $0.19 during trading hours on Thursday, hitting $27.07. 135,136 shares of the company were exchanged, compared to its average volume of 43,450. The stock has a 50-day moving average price of $27.97 and a 200 day moving average price of $31.58. UPM-Kymmene Oyj has a 52 week low of $25.95 and a 52 week high of $38.81.

UPM-Kymmene Oyj Dividend Announcement

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

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.