Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Increases By 332.7%

Stora Enso Oyj (OTCMKTS:SEOAY) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 66,200 shares, a growth of 332.7% from the December 15th total of 15,300 shares. Based on an average daily volume of 361,300 shares, the days-to-cover ratio is currently 0.2 days.

Stora Enso Oyj Stock Up 0.8 %

SEOAY stock traded up $0.08 during trading on Monday, hitting $10.03. 162,703 shares of the company’s stock traded hands, compared to its average volume of 146,043. The firm has a market capitalization of $7.91 billion, a P/E ratio of -111.43 and a beta of 0.86. Stora Enso Oyj has a 1 year low of $9.43 and a 1 year high of $15.29. The company has a quick ratio of 0.83, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The business has a fifty day simple moving average of $10.19 and a two-hundred day simple moving average of $11.71.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The company had revenue of $2.48 billion during the quarter. Stora Enso Oyj had a negative net margin of 0.75% and a negative return on equity of 2.72%. Sell-side analysts anticipate that Stora Enso Oyj will post 0.46 EPS for the current year.

Stora Enso Oyj Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.1049 per share. The ex-dividend date of this dividend was Friday, December 13th. Stora Enso Oyj’s payout ratio is -111.11%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. BNP Paribas upgraded Stora Enso Oyj to a “hold” rating in a report on Tuesday, October 15th. Barclays raised shares of Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, October 7th.

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.