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

Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 27,083 shares, an increase of 169.9% from the May 31st total of 10,034 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 53,859 shares, the days-to-cover ratio is currently 0.5 days.

Stora Enso Oyj Trading Up 0.3%

OTCMKTS SEOAY traded up $0.04 during trading hours on Tuesday, hitting $10.61. 68,602 shares of the company’s stock were exchanged, compared to its average volume of 38,015. The business’s 50 day moving average is $11.31 and its 200-day moving average is $12.02. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07. Stora Enso Oyj has a 12-month low of $9.92 and a 12-month high of $14.41. The firm has a market capitalization of $8.36 billion, a P/E ratio of 11.66 and a beta of 0.63.

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Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.05). Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.58%. The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.69 billion. As a group, analysts anticipate that Stora Enso Oyj will post 0.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. BNP Paribas Exane initiated coverage on shares of Stora Enso Oyj in a report on Wednesday, June 10th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $10.80.

Check Out Our Latest Analysis on Stora Enso Oyj

Stora Enso Oyj Company Profile

(Get Free Report)

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.

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