Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Increases By 281.9%

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 61,100 shares, an increase of 281.9% from the August 31st total of 16,000 shares. Based on an average trading volume of 98,700 shares, the days-to-cover ratio is presently 0.6 days.

Stora Enso Oyj Trading Down 0.8 %

Shares of OTCMKTS:SEOAY traded down $0.10 during trading on Friday, reaching $12.74. 35,374 shares of the company’s stock traded hands, compared to its average volume of 50,459. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.54 and a quick ratio of 1.14. The company has a 50 day moving average of $12.42 and a 200-day moving average of $13.33. Stora Enso Oyj has a 12 month low of $11.19 and a 12 month high of $15.29.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $2.48 billion during the quarter. Stora Enso Oyj had a negative return on equity of 3.76% and a negative net margin of 2.17%. Equities analysts anticipate that Stora Enso Oyj will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Stora Enso Oyj from a “neutral” rating to a “buy” rating in a research note on Monday, July 1st.

Stora Enso Oyj Company Profile

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.