Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Decreases By 90.7%

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 16,000 shares, a decrease of 90.7% from the August 15th total of 171,200 shares. Based on an average daily volume of 71,700 shares, the short-interest ratio is currently 0.2 days.

Stora Enso Oyj Price Performance

Shares of SEOAY traded up $0.05 during trading hours on Friday, reaching $12.22. The stock had a trading volume of 26,682 shares, compared to its average volume of 32,889. Stora Enso Oyj has a 12 month low of $11.19 and a 12 month high of $15.29. The stock has a market capitalization of $9.64 billion, a PE ratio of -19.32, a PEG ratio of 0.41 and a beta of 0.91. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.14 and a current ratio of 1.54. The company’s 50-day moving average is $12.65 and its two-hundred day moving average is $13.34.

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

Analysts Set New Price Targets

Separately, Citigroup upgraded 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.