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

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 10,736 shares, a decrease of 92.9% from the July 30th total of 151,580 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 32,286 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SEOAY. BNP Paribas Exane started coverage on Stora Enso Oyj in a research report on Wednesday, June 10th. They issued a “neutral” rating for the company. Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a report on Thursday, July 30th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Stora Enso Oyj has an average rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Stock Performance

SEOAY stock traded up $0.12 during mid-day trading on Thursday, reaching $11.63. 1,998 shares of the stock traded hands, compared to its average volume of 40,287. The company has a quick ratio of 0.57, a current ratio of 1.33 and a debt-to-equity ratio of 0.27. Stora Enso Oyj has a 52 week low of $9.92 and a 52 week high of $14.41. The business has a 50-day moving average of $10.97 and a two-hundred day moving average of $11.64. The firm has a market capitalization of $9.18 billion, a PE ratio of 13.85, a P/E/G ratio of 12.51 and a beta of 0.62.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%.The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.79 billion. As a group, equities analysts predict that Stora Enso Oyj will post 0.44 EPS for the current fiscal 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.