Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Up 181.4% in July

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 12,100 shares, a growth of 181.4% from the July 15th total of 4,300 shares. Based on an average daily volume of 65,200 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Stora Enso Oyj from a “neutral” rating to a “buy” rating in a report on Monday, July 1st.

Stora Enso Oyj Trading Down 0.3 %

Shares of SEOAY stock opened at $11.93 on Thursday. Stora Enso Oyj has a 12-month low of $11.19 and a 12-month high of $15.29. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $13.12 and a two-hundred day moving average price of $13.29. The firm has a market cap of $9.41 billion, a P/E ratio of -18.94, a price-to-earnings-growth ratio of 0.40 and a beta of 0.91.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its earnings results on Wednesday, July 24th. The basic materials company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Stora Enso Oyj had a negative net margin of 2.17% and a negative return on equity of 3.76%. The firm had revenue of $2.48 billion for the quarter. Equities analysts anticipate that Stora Enso Oyj will post 0.57 EPS for the current fiscal year.

About Stora Enso Oyj

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.