UPM-Kymmene Oyj (OTCMKTS:UPMMY) Short Interest Down 74.0% in July

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,670 shares, a decline of 74.0% from the July 15th total of 6,425 shares. Based on an average daily trading volume, of 344,228 shares, the days-to-cover ratio is currently 0.0 days.

UPM-Kymmene Oyj Stock Down 0.2%

OTCMKTS:UPMMY opened at $26.68 on Thursday. The business’s 50-day moving average price is $27.05 and its two-hundred day moving average price is $29.13. UPM-Kymmene Oyj has a twelve month low of $25.11 and a twelve month 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.