Metsä Board Oyj (OTCMKTS:MTSAF) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 98,400 shares, an increase of 44.9% from the March 15th total of 67,900 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.
Metsä Board Oyj stock remained flat at $$10.75 during mid-day trading on Friday. Metsä Board Oyj has a 52 week low of $10.50 and a 52 week high of $10.75. The company’s fifty day moving average is $10.75 and its 200-day moving average is $9.38.
Separately, UBS Group restated a “sell” rating on shares of Metsä Board Oyj in a report on Tuesday, January 12th.
MetsÃ¤ Board Oyj produces barrier boards, folding boxboard, food service boards, and white kraftliners worldwide. The company offers lightweight paperboards for consumer goods packaging, retail-ready, and food service applications, as well as market pulp products. It serves brand converters, brand owners, retailers, and merchants.
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