Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Grows By 209.2%

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 10,034 shares, an increase of 209.2% from the May 14th total of 3,245 shares. Based on an average daily trading volume, of 96,965 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Stora Enso Oyj Trading Down 0.3%

Shares of OTCMKTS SEOAY traded down $0.03 during trading on Friday, hitting $11.09. 21,603 shares of the company traded hands, compared to its average volume of 36,130. The firm has a market capitalization of $8.75 billion, a P/E ratio of 12.19 and a beta of 0.63. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average price of $11.54 and a 200-day moving average price of $12.09. Stora Enso Oyj has a 1 year low of $9.51 and a 1 year high of $14.41.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%. On average, equities analysts predict that Stora Enso Oyj will post 0.64 EPS for the current year.

Analyst Ratings Changes

SEOAY has been the topic of a number of recent research reports. BNP Paribas Exane assumed coverage on Stora Enso Oyj in a research note on Wednesday. They issued a “neutral” rating on the stock. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.80.

About Stora Enso Oyj

Stora Enso Oyj is a Finland?based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.

Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.