Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Declines By 67.9%

UPM-Kymmene Oyj (OTCMKTS:UPMMYGet Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 18,400 shares, a decrease of 67.9% from the December 31st total of 57,300 shares. Based on an average daily volume of 325,600 shares, the days-to-cover ratio is currently 0.1 days.

UPM-Kymmene Oyj Stock Up 0.4 %

UPMMY stock traded up $0.13 on Friday, hitting $29.45. 35,737 shares of the company’s stock were exchanged, compared to its average volume of 129,018. The firm has a 50 day moving average price of $27.60 and a two-hundred day moving average price of $30.35. UPM-Kymmene Oyj has a 12-month low of $25.95 and a 12-month high of $38.81.

About UPM-Kymmene Oyj

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UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry in Europe, North America, Asia, and internationally. It operates through UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for transport and petrochemical industry.

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