UPM-Kymmene Oyj (OTCMKTS:UPMMY) Sees Large Increase in Short Interest

UPM-Kymmene Oyj (OTCMKTS:UPMMY) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 8,200 shares, an increase of 22.4% from the October 15th total of 6,700 shares. Based on an average daily trading volume, of 109,100 shares, the short-interest ratio is currently 0.1 days.

UPM-Kymmene Oyj Stock Performance

OTCMKTS UPMMY traded up $0.36 during trading on Friday, hitting $27.47. 181,829 shares of the stock traded hands, compared to its average volume of 30,779. The firm has a 50-day simple moving average of $31.15 and a 200-day simple moving average of $33.64. UPM-Kymmene Oyj has a 12-month low of $26.45 and a 12-month high of $38.81.

UPM-Kymmene Oyj Announces Dividend

The firm also recently declared an annual dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.8112 per share. The ex-dividend date is Wednesday, October 30th. This represents a yield of 2.42%.

UPM-Kymmene Oyj Company Profile

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.