UPM-Kymmene Oyj (OTCMKTS:UPMMY) Sees Large Increase in Short Interest

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 8,200 shares, a growth of 22.4% from the October 15th total of 6,700 shares. Based on an average trading volume of 109,100 shares, the days-to-cover ratio is presently 0.1 days.

UPM-Kymmene Oyj Stock Up 1.4 %

Shares of OTCMKTS UPMMY opened at $27.11 on Friday. The company has a fifty day moving average price of $31.36 and a 200 day moving average price of $33.75. UPM-Kymmene Oyj has a 1-year low of $26.45 and a 1-year high of $38.81.

UPM-Kymmene Oyj Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 31st will be given a dividend of $0.8112 per share. The ex-dividend date is Wednesday, October 30th. This represents a dividend 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.