Stora Enso Oyj (OTCMKTS:SEOAY) Sees Large Decline in Short Interest

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 4,100 shares, a decrease of 93.3% from the September 15th total of 61,100 shares. Based on an average trading volume of 103,800 shares, the days-to-cover ratio is presently 0.0 days.

Stora Enso Oyj Trading Down 1.3 %

Shares of OTCMKTS SEOAY traded down $0.17 during mid-day trading on Thursday, hitting $13.00. 25,107 shares of the company traded hands, compared to its average volume of 33,524. Stora Enso Oyj has a 1 year low of $11.19 and a 1 year high of $15.29. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of -20.63, a PEG ratio of 0.45 and a beta of 0.91. 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 of $12.43 and a two-hundred day moving average of $13.33.

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 the consensus estimate of $0.07 by $0.01. Stora Enso Oyj had a negative return on equity of 3.76% and a negative net margin of 2.17%. The business had revenue of $2.48 billion during the quarter. On average, sell-side analysts anticipate that Stora Enso Oyj will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SEOAY. Barclays raised Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a research note on Monday. Citigroup upgraded Stora Enso Oyj from a “neutral” rating to a “buy” rating in a research report on Monday, July 1st.

Stora Enso Oyj Company Profile

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.