Stora Enso Oyj (OTCMKTS:SEOAY) Stock Short Interest Climbs 88.5%

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 64,743 shares, an increase of 88.5% from the August 31st total of 34,353 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 69,848 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Ratings Changes

SEOAY has been the topic of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research report on Thursday, July 30th. BNP Paribas Exane assumed coverage on Stora Enso Oyj in a report on Wednesday, June 10th. They issued a “neutral” rating for the company. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Stora Enso Oyj Stock Performance

Shares of OTCMKTS:SEOAY traded down $0.05 on Wednesday, reaching $11.60. The company’s stock had a trading volume of 2,003 shares, compared to its average volume of 41,094. The stock’s 50-day moving average is $11.58 and its two-hundred day moving average is $11.42. Stora Enso Oyj has a 52-week low of $9.92 and a 52-week high of $14.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.80. The stock has a market capitalization of $9.15 billion, a P/E ratio of 13.81, a PEG ratio of 12.90 and a beta of 0.63.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly 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 company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%. As a group, sell-side analysts forecast that Stora Enso Oyj will post 0.44 EPS for the current year.

About Stora Enso Oyj

Stora Enso Oyj is a renewable materials company headquartered in Helsinki, Finland. The company develops and manufactures products made primarily from renewable wood-based resources, serving customers in packaging, construction, consumer goods and other industries.

Its activities include renewable packaging materials and solutions, pulp, biomaterials, wooden construction products and wood products. Stora Enso also manages forest assets and provides products such as sawn wood, engineered wood and mass-timber components for building applications.