Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 10,034 shares, a growth of 209.2% from the May 14th total of 3,245 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 96,965 shares, the short-interest ratio is currently 0.1 days.

Stora Enso Oyj Stock Performance

Shares of OTCMKTS:SEOAY opened at $11.15 on Friday. The company has a market capitalization of $8.79 billion, a price-to-earnings ratio of 12.25 and a beta of 0.63. The firm’s 50 day simple moving average is $11.55 and its 200 day simple moving average is $12.09. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 0.57. Stora Enso Oyj has a fifty-two week low of $9.51 and a fifty-two week high of $14.41.

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

Analysts Set New Price Targets

A number of analysts recently weighed in on SEOAY shares. BNP Paribas Exane started coverage on shares of Stora Enso Oyj in a research report on Wednesday. They issued a “neutral” rating on the stock. The Goldman Sachs Group upgraded shares of Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.