Stora Enso Oyj (OTCMKTS:SEOAY) Sees Significant Growth in Short Interest

Stora Enso Oyj (OTCMKTS:SEOAY) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 10,034 shares, an increase of 209.2% from the May 14th total of 3,245 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 96,965 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Several research analysts recently commented on SEOAY shares. BNP Paribas Exane started coverage on shares of Stora Enso Oyj in a report on Wednesday. They issued a “neutral” rating for the company. The Goldman Sachs Group upgraded shares of 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.80.

Stora Enso Oyj Stock Performance

OTCMKTS SEOAY opened at $11.09 on Friday. Stora Enso Oyj has a 1 year low of $9.51 and a 1 year high of $14.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 0.57. The stock has a market capitalization of $8.75 billion, a PE ratio of 12.19 and a beta of 0.63. The company’s 50 day simple moving average is $11.54 and its two-hundred day simple moving average is $12.09.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results on Thursday, May 7th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.69 billion. Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%. Analysts predict that Stora Enso Oyj will post 0.64 earnings per share for the current fiscal year.

About Stora Enso Oyj

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.