Stora Enso Oyj (OTCMKTS:SEOAY) Sees Significant Growth in Short Interest

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 34,353 shares, a growth of 220.0% from the August 15th total of 10,736 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 36,796 shares, the days-to-cover ratio is presently 0.9 days.

Stora Enso Oyj Stock Performance

Stora Enso Oyj stock opened at $11.85 on Monday. The business has a 50 day moving average of $11.24 and a 200-day moving average of $11.49. The company has a market capitalization of $9.35 billion, a P/E ratio of 14.11, a P/E/G ratio of 12.82 and a beta of 0.63. Stora Enso Oyj has a 1 year low of $9.92 and a 1 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 earnings results on Thursday, July 23rd. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.79 billion. On average, equities research analysts predict that Stora Enso Oyj will post 0.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SEOAY. BNP Paribas Exane began coverage on shares of Stora Enso Oyj in a report on Wednesday, June 10th. They set a “neutral” rating on the stock. Citigroup reiterated a “buy” rating on shares of Stora Enso Oyj in a report on Thursday, July 30th. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Company Profile

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.