Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a significant 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. Based on an average daily trading volume, of 69,848 shares, the short-interest ratio is currently 0.9 days. Approximately 0.0% of the shares of the stock are short sold.

Stora Enso Oyj Price Performance

SEOAY stock opened at $11.91 on Tuesday. The firm has a 50 day simple moving average of $11.57 and a two-hundred day simple moving average of $11.43. The stock has a market cap of $9.40 billion, a PE ratio of 14.18, a P/E/G ratio of 13.02 and a beta of 0.63. Stora Enso Oyj has a one year low of $9.92 and a one year 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.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings data 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). Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.31%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.79 billion. On average, analysts predict that Stora Enso Oyj will post 0.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a report on Thursday, July 30th. BNP Paribas Exane started coverage on shares of Stora Enso Oyj in a report on Wednesday, June 10th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About Stora Enso Oyj

Stora Enso Oyj is a renewable materials company headquartered in Finland and Sweden. The company develops and manufactures products made from wood and other renewable resources, with a focus on replacing fossil-based materials in packaging, construction and other applications.

Its product portfolio includes renewable packaging materials, packaging solutions, biomaterials and engineered wood products. Stora Enso supplies materials for food and beverage packaging, consumer goods, industrial applications and wooden construction, as well as pulp and other components used in a range of fiber-based products.

Stora Enso serves customers in markets around the world, with operations and sales primarily concentrated in Europe and additional activities in the Americas and Asia.