Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Down 96.2% in February

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,700 shares, a drop of 96.2% from the January 31st total of 44,700 shares. Based on an average daily trading volume, of 141,100 shares, the short-interest ratio is currently 0.0 days.

Stora Enso Oyj Trading Up 0.1 %

Shares of SEOAY traded up $0.01 during mid-day trading on Friday, hitting $10.69. The company had a trading volume of 40,983 shares, compared to its average volume of 89,005. 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 1.12 and a debt-to-equity ratio of 0.39. The business’s 50-day simple moving average is $10.62 and its 200-day simple moving average is $11.23. The stock has a market cap of $8.43 billion, a PE ratio of -66.83 and a beta of 0.86.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Tuesday, February 11th. The basic materials company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.82) by ($0.04). Stora Enso Oyj had a negative return on equity of 3.97% and a negative net margin of 1.29%. Sell-side analysts forecast that Stora Enso Oyj will post 0.67 earnings per share for the current year.

Stora Enso Oyj Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 24th will be issued a $0.1348 dividend. This is an increase from Stora Enso Oyj’s previous dividend of $0.10. The ex-dividend date is Monday, March 24th. Stora Enso Oyj’s dividend payout ratio is currently -68.75%.

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.