Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

Stora Enso Oyj (OTCMKTS:SEOAY) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 7,324 shares, a decrease of 78.2% from the June 30th total of 33,642 shares. Based on an average daily trading volume, of 148,503 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Stora Enso Oyj Trading Up 2.9%

SEOAY opened at $10.65 on Friday. 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’s 50 day moving average price is $11.03 and its 200-day moving average price is $11.82. Stora Enso Oyj has a one year low of $9.92 and a one year high of $14.41. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 12.68 and a beta of 0.64.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its earnings results on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.79 billion. Stora Enso Oyj had a return on equity of 2.38% and a net margin of 6.20%. On average, equities analysts forecast that Stora Enso Oyj will post 0.66 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane started coverage on shares of Stora Enso Oyj in a research report on Wednesday, June 10th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Stora Enso Oyj presently has an average rating of “Hold” and an average 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.