Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Declines By 56.9%

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 3,245 shares, a decline of 56.9% from the April 30th total of 7,526 shares. Based on an average daily volume of 102,787 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Stora Enso Oyj Stock Down 0.3%

Shares of Stora Enso Oyj stock traded down $0.03 on Friday, hitting $11.59. 34,535 shares of the company traded hands, compared to its average volume of 49,279. The company has a 50-day moving average price of $11.56 and a 200 day moving average price of $12.11. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. Stora Enso Oyj has a 12-month low of $9.51 and a 12-month high of $14.41. The company has a market cap of $9.14 billion, a PE ratio of 12.74 and a beta of 0.63.

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

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.