UPM-Kymmene Oyj (OTCMKTS:UPMMY) Short Interest Down 86.9% in June

UPM-Kymmene Oyj (OTCMKTS:UPMMY) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 134 shares, a decline of 86.9% from the June 15th total of 1,020 shares. Based on an average daily volume of 216,834 shares, the days-to-cover ratio is currently 0.0 days.

UPM-Kymmene Oyj Price Performance

Shares of OTCMKTS:UPMMY opened at $26.37 on Monday. UPM-Kymmene Oyj has a one year low of $25.11 and a one year high of $33.04. The company has a 50-day simple moving average of $28.36 and a 200-day simple moving average of $29.46.

About UPM-Kymmene Oyj

UPM-Kymmene Oyj, trading in the United States under the ticker UPMMY, is a Finland-based company operating in the forest industry with a broad portfolio of renewable and recyclable products. Established through the 1996 merger of Kymmene Corporation and Repola Ltd, UPM has developed from a traditional paper and pulp producer into a diversified bioeconomy leader. Headquartered in Helsinki, the company employs thousands of professionals worldwide and is led by President and CEO Jussi Pesonen, who has been at the helm since 2004.

UPM’s core operations span multiple business segments, including UPM Biorefining, which produces pulp, paper, and renewable energy; UPM Raflatac, specializing in self-adhesive label materials; and UPM Specialty Papers, offering coated and uncoated paper grades for commercial printing and industrial use.