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

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 7,100 shares, a growth of 129.0% from the August 31st total of 3,100 shares. Based on an average daily volume of 66,200 shares, the short-interest ratio is currently 0.1 days.

UPM-Kymmene Oyj Trading Down 0.8 %

OTCMKTS UPMMY opened at $33.30 on Friday. The business’s fifty day moving average is $32.91 and its 200 day moving average is $34.38. UPM-Kymmene Oyj has a fifty-two week low of $30.30 and a fifty-two week high of $38.81.

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.