Stora Enso Oyj (OTCMKTS:SEOAY) Sees Significant Increase in Short Interest

Stora Enso Oyj (OTCMKTS:SEOAY) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 32,873 shares, a growth of 156.5% from the January 29th total of 12,817 shares. Based on an average daily volume of 29,671 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 29,671 shares, the short-interest ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Stock Down 0.1%

Stora Enso Oyj stock opened at $13.52 on Friday. The firm has a market capitalization of $10.66 billion, a P/E ratio of 13.39 and a beta of 0.70. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33. Stora Enso Oyj has a twelve month low of $7.97 and a twelve month high of $14.41. The stock’s fifty day simple moving average is $12.72 and its 200-day simple moving average is $11.86.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.26 billion. Stora Enso Oyj had a return on equity of 3.18% and a net margin of 7.58%. As a group, equities analysts expect that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

About Stora Enso Oyj

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.