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

UPM-Kymmene Oyj (OTCMKTS:UPMMYGet Free Report) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 12,944 shares, a growth of 1,072.5% from the April 30th total of 1,104 shares. Based on an average daily volume of 84,378 shares, the short-interest ratio is currently 0.2 days.

UPM-Kymmene Oyj Stock Performance

UPM-Kymmene Oyj stock opened at $29.51 on Friday. UPM-Kymmene Oyj has a 52 week low of $25.11 and a 52 week high of $33.04. The business has a 50-day simple moving average of $30.13 and a 200 day simple moving average of $29.44.

About UPM-Kymmene Oyj

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UPM-Kymmene Oyj, trading in the United States under the ticker UPMMY, is a Finland-based company operating in the forest industry with a broad portfolio of renewable and recyclable products. Established through the 1996 merger of Kymmene Corporation and Repola Ltd, UPM has developed from a traditional paper and pulp producer into a diversified bioeconomy leader. Headquartered in Helsinki, the company employs thousands of professionals worldwide and is led by President and CEO Jussi Pesonen, who has been at the helm since 2004.

UPM’s core operations span multiple business segments, including UPM Biorefining, which produces pulp, paper, and renewable energy; UPM Raflatac, specializing in self-adhesive label materials; and UPM Specialty Papers, offering coated and uncoated paper grades for commercial printing and industrial use.

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