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

UPM-Kymmene Oyj (OTCMKTS:UPMMY – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 42,798 shares, a growth of 79.3% from the August 31st total of 23,870 shares. Based on an average daily trading volume, of 74,831 shares, the short-interest ratio is presently 0.6 days.

UPM-Kymmene Oyj Stock Performance

Shares of UPMMY stock traded down $0.45 during mid-day trading on Tuesday, reaching $28.37. 4,004 shares of the company’s stock traded hands, compared to its average volume of 68,394. UPM-Kymmene Oyj has a 12 month low of $25.11 and a 12 month high of $33.04. The company’s 50-day moving average price is $27.83 and its 200-day moving average price is $28.62.

UPM-Kymmene Oyj Company Profile

(Get Free Report)

UPM-Kymmene Oyj is a Finnish bioeconomy company that develops and manufactures renewable, fiber-based products. Its portfolio includes pulp, timber, papers, plywood, label materials, specialty papers, energy, biofuels and emerging biochemical products. The company serves customers in the packaging, publishing, retail, construction, transportation and energy industries.

UPM’s businesses include UPM Fibres, which produces pulp and sawn timber; UPM Communication Papers; UPM Specialty Papers; UPM Raflatac, a supplier of self-adhesive label materials; UPM Plywood; and UPM Energy.

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