Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 27,083 shares, an increase of 169.9% from the May 31st total of 10,034 shares. Based on an average daily trading volume, of 53,859 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

SEOAY has been the topic of a number of research analyst reports. BNP Paribas Exane assumed coverage on Stora Enso Oyj in a research note on Wednesday, June 10th. They issued a “neutral” rating on the stock. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.80.

Stora Enso Oyj Stock Performance

Stora Enso Oyj stock opened at $10.44 on Monday. The firm’s fifty day moving average price is $11.34 and its 200-day moving average price is $12.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07. The stock has a market cap of $8.23 billion, a P/E ratio of 11.47 and a beta of 0.63. Stora Enso Oyj has a fifty-two week low of $9.92 and a fifty-two week high of $14.41.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Thursday, May 7th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). The company had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%. On average, equities research analysts expect that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

Stora Enso Oyj Company Profile

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.