Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Drops By 90.0%

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 800 shares, a decrease of 90.0% from the August 15th total of 8,000 shares. Based on an average daily volume of 24,800 shares, the short-interest ratio is currently 0.0 days.

UPM-Kymmene Oyj stock traded down $0.47 during midday trading on Wednesday, reaching $39.14. The stock had a trading volume of 9,863 shares, compared to its average volume of 14,739. UPM-Kymmene Oyj has a 52-week low of $27.80 and a 52-week high of $41.77. The company has a fifty day moving average of $40.29 and a 200 day moving average of $39.18.

UPMMY has been the topic of several recent research reports. Danske cut shares of UPM-Kymmene Oyj from a “hold” rating to a “sell” rating in a research report on Monday. Credit Suisse Group restated a “neutral” rating on shares of UPM-Kymmene Oyj in a research report on Monday, July 26th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

UPM-Kymmene Oyj Company Profile

UPM-Kymmene Oyj engages in the forest-based bio industry. It operates through UPM Biorefining, 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 the petrochemical industry.

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