Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Down 78.2% in July

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 7,324 shares, a drop of 78.2% from the June 30th total of 33,642 shares. Based on an average daily volume of 148,503 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Stora Enso Oyj Stock Performance

Shares of OTCMKTS:SEOAY traded up $0.30 during trading on Friday, hitting $10.65. The stock had a trading volume of 72,973 shares, compared to its average volume of 68,828. The stock has a 50-day simple moving average of $11.03 and a two-hundred day simple moving average of $11.82. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 12.68 and a beta of 0.64. The company has a quick ratio of 0.57, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. Stora Enso Oyj has a 12-month low of $9.92 and a 12-month high of $14.41.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.38%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.79 billion. On average, equities research analysts expect that Stora Enso Oyj will post 0.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane assumed coverage on shares of Stora Enso Oyj in a research report on Wednesday, June 10th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Company Profile

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.