Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Expands By 273.2%

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 15,300 shares, an increase of 273.2% from the November 30th total of 4,100 shares. Based on an average trading volume of 266,200 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on SEOAY. Barclays upgraded Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 7th. BNP Paribas raised shares of Stora Enso Oyj to a “hold” rating in a research report on Tuesday, October 15th.

Stora Enso Oyj Price Performance

Shares of OTCMKTS SEOAY traded down $0.01 during mid-day trading on Thursday, reaching $10.00. The company had a trading volume of 132,159 shares, compared to its average volume of 56,412. Stora Enso Oyj has a one year low of $9.43 and a one year high of $15.29. The business’s 50-day simple moving average is $10.50 and its 200 day simple moving average is $12.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.27. The firm has a market cap of $7.88 billion, a price-to-earnings ratio of -111.04 and a beta of 0.88.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its earnings results on Thursday, October 24th. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.04). Stora Enso Oyj had a negative return on equity of 2.72% and a negative net margin of 0.75%. The business had revenue of $2.48 billion for the quarter. On average, research analysts predict that Stora Enso Oyj will post 0.46 earnings per share for the current fiscal year.

Stora Enso Oyj Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.1049 per share. The ex-dividend date is Friday, December 13th. Stora Enso Oyj’s dividend payout ratio is presently -111.11%.

Stora Enso Oyj Company Profile

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.