UPM-Kymmene Oyj (OTCMKTS:UPMMY) Short Interest Up 87.5% in May

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a significant growth in short interest in May. As of May 31st, there was short interest totalling 62,800 shares, a growth of 87.5% from the May 15th total of 33,500 shares. Based on an average daily volume of 112,400 shares, the short-interest ratio is presently 0.6 days.

UPM-Kymmene Oyj Trading Down 2.1%

UPMMY opened at $26.50 on Friday. The business’s 50-day simple moving average is $26.86 and its 200-day simple moving average is $27.85. UPM-Kymmene Oyj has a one year low of $24.20 and a one year high of $37.02.

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.