Stora Enso Oyj (OTCMKTS:SEOAY) Shares Shorted: Short Interest Down 64.9% in September

Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 22,694 shares, a decline of 64.9% from the September 15th total of 64,743 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 124,901 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research report on Monday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

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Stora Enso Oyj Stock Performance

SEOAY stock traded up $0.28 during trading on Tuesday, hitting $11.39. 60,951 shares of the company traded hands, compared to its average volume of 41,769. The stock’s 50-day simple moving average is $11.58 and its 200 day simple moving average is $11.39. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.80. The company has a market cap of $8.98 billion, a PE ratio of 13.56, a P/E/G ratio of 11.94 and a beta of 0.57. Stora Enso Oyj has a 1 year low of $9.92 and a 1 year high of $14.41.

Stora Enso Oyj (OTCMKTS:SEOAY – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.79 billion. Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.31%. On average, equities analysts expect that Stora Enso Oyj will post 0.44 earnings per share for the current fiscal year.

About Stora Enso Oyj

(Get Free Report)

Stora Enso Oyj is a renewable materials company headquartered in Helsinki, Finland. The company develops and manufactures products made primarily from renewable wood-based resources, serving customers in packaging, construction, consumer goods and other industries.

Its activities include renewable packaging materials and solutions, pulp, biomaterials, wooden construction products and wood products. Stora Enso also manages forest assets and provides products such as sawn wood, engineered wood and mass-timber components for building applications.

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