UPM-Kymmene Oyj (OTCMKTS:UPMMY) Sees Significant Growth in Short Interest

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 9,300 shares, a growth of 1,228.6% from the November 30th total of 700 shares. Based on an average daily volume of 261,500 shares, the short-interest ratio is currently 0.0 days.

UPM-Kymmene Oyj Trading Up 0.7 %

Shares of OTCMKTS:UPMMY traded up $0.19 during trading on Friday, reaching $27.07. 135,136 shares of the stock traded hands, compared to its average volume of 43,450. UPM-Kymmene Oyj has a 52-week low of $25.95 and a 52-week high of $38.81. The stock has a 50-day moving average of $27.97 and a two-hundred day moving average of $31.58.

UPM-Kymmene Oyj Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st were paid a $0.8112 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a yield of 2.42%.

About UPM-Kymmene Oyj

UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry in Europe, North America, Asia, and internationally. It operates through UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for transport and petrochemical industry.