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

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, a decline of 92.9% from the March 15th total of 4,200 shares. Based on an average daily volume of 82,700 shares, the days-to-cover ratio is presently 0.0 days.

UPM-Kymmene Oyj Trading Down 2.2 %

Shares of UPM-Kymmene Oyj stock opened at $25.48 on Wednesday. UPM-Kymmene Oyj has a 52 week low of $24.20 and a 52 week high of $38.81. The firm’s 50 day moving average is $28.58 and its two-hundred day moving average is $28.68.

UPM-Kymmene Oyj Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Monday, March 31st will be given a $0.7745 dividend. The ex-dividend date of this dividend is Monday, March 31st.

UPM-Kymmene Oyj Company Profile

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.