Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Decreases By 92.9%

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 10,736 shares, a decline of 92.9% from the July 30th total of 151,580 shares. Based on an average trading volume of 32,286 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Stora Enso Oyj Price Performance

Stora Enso Oyj stock traded up $0.10 during trading hours on Tuesday, hitting $11.56. 10,794 shares of the stock were exchanged, compared to its average volume of 29,133. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07. The stock has a market capitalization of $9.12 billion, a P/E ratio of 30.99, a P/E/G ratio of 12.41 and a beta of 0.62. Stora Enso Oyj has a 12 month low of $9.92 and a 12 month high of $14.41. The business’s 50-day moving average is $10.97 and its two-hundred day moving average is $11.65.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.79 billion. Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.38%. Equities research analysts expect that Stora Enso Oyj will post 0.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. BNP Paribas Exane initiated coverage on Stora Enso Oyj in a research report on Wednesday, June 10th. They set a “neutral” rating for the company. Citigroup reiterated a “buy” rating on shares of Stora Enso Oyj in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.