Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Up 239.9% in March

Stora Enso Oyj (OTCMKTS:SEOAY) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 64,159 shares, a growth of 239.9% from the February 26th total of 18,878 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 64,397 shares, the short-interest ratio is presently 1.0 days.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SEOAY. Citigroup reaffirmed a “buy” rating on shares of Stora Enso Oyj in a research note on Monday, January 26th. The Goldman Sachs Group raised shares of Stora Enso Oyj to a “strong sell” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $10.80.

Stora Enso Oyj Trading Down 3.1%

Shares of Stora Enso Oyj stock opened at $11.51 on Friday. The stock has a 50 day moving average of $12.60 and a 200 day moving average of $11.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.66 and a current ratio of 1.21. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 11.40 and a beta of 0.66. Stora Enso Oyj has a fifty-two week low of $7.97 and a fifty-two week high of $14.41.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.18%. As a group, research analysts predict that Stora Enso Oyj will post 0.67 earnings per share for the current year.

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.