Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

Stora Enso Oyj (OTCMKTS:SEOAY) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 64,159 shares, a growth of 239.9% from the February 26th total of 18,878 shares. Based on an average daily trading volume, of 64,397 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 64,397 shares, the short-interest ratio is currently 1.0 days.

Stora Enso Oyj Price Performance

OTCMKTS SEOAY traded up $0.33 during trading hours on Wednesday, hitting $11.81. 996 shares of the company’s stock traded hands, compared to its average volume of 22,057. The company has a market capitalization of $9.31 billion, a PE ratio of 11.69 and a beta of 0.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.21 and a quick ratio of 0.66. Stora Enso Oyj has a 52-week low of $7.97 and a 52-week high of $14.41. The firm’s 50-day moving average is $12.63 and its 200-day moving average is $11.93.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share 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%. Equities analysts forecast that Stora Enso Oyj will post 0.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SEOAY shares. Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $10.80.

Stora Enso Oyj Company Profile

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.