UPM-Kymmene Oyj (OTCMKTS:UPMMY – Get Free Report) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 8,369 shares, an increase of 401.1% from the July 30th total of 1,670 shares. Based on an average daily volume of 75,917 shares, the days-to-cover ratio is currently 0.1 days.
UPM-Kymmene Oyj Trading Down 0.3%
Shares of UPMMY opened at $27.81 on Wednesday. The firm has a 50-day moving average price of $26.73 and a 200 day moving average price of $29.04. UPM-Kymmene Oyj has a 52-week low of $25.11 and a 52-week high of $33.04.
About UPM-Kymmene Oyj
UPM-Kymmene Oyj, trading in the United States under the ticker UPMMY, is a Finland-based company operating in the forest industry with a broad portfolio of renewable and recyclable products. Established through the 1996 merger of Kymmene Corporation and Repola Ltd, UPM has developed from a traditional paper and pulp producer into a diversified bioeconomy leader. Headquartered in Helsinki, the company employs thousands of professionals worldwide and is led by President and CEO Jussi Pesonen, who has been at the helm since 2004.
UPM’s core operations span multiple business segments, including UPM Biorefining, which produces pulp, paper, and renewable energy; UPM Raflatac, specializing in self-adhesive label materials; and UPM Specialty Papers, offering coated and uncoated paper grades for commercial printing and industrial use.
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