Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 3,245 shares, a decrease of 56.9% from the April 30th total of 7,526 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 102,787 shares, the days-to-cover ratio is presently 0.0 days.

Stora Enso Oyj Trading Up 0.3%

SEOAY stock traded up $0.04 on Monday, reaching $11.63. The company’s stock had a trading volume of 26,056 shares, compared to its average volume of 49,387. The business has a fifty day simple moving average of $11.57 and a two-hundred day simple moving average of $12.11. Stora Enso Oyj has a 12-month low of $9.51 and a 12-month high of $14.41. The firm has a market cap of $9.17 billion, a PE ratio of 12.78 and a beta of 0.63. 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 (OTCMKTS:SEOAY) last announced its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%.The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.69 billion. As a group, research analysts forecast that Stora Enso Oyj will post 0.64 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday, March 24th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Stora Enso Oyj has a consensus rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Company Profile

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.