Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

Key Points

• Short interest plunged 92.9% to 10,736 shares as of August 14, representing roughly 0.0% of Stora Enso’s stock and only 0.3 days of average trading volume.
• Shares traded at $11.56, near the 200-day moving average of $11.65, with a $9.92–$14.41 one-year range and a market capitalization of approximately $9.12 billion.
• The company missed quarterly earnings expectations, reporting $0.04 EPS versus $0.17 expected and revenue of $2.76 billion versus $2.79 billion expected. Analysts maintain a consensus “Hold” rating with a $10.80 price target.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) was the recipient of a significant decrease in short interest in 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. Approximately 0.0% of the company's stock are sold short. Based on an average daily volume of 32,286 shares, the short-interest ratio is currently 0.3 days.

Stora Enso Oyj Stock Performance

Shares of OTCMKTS SEOAY traded up $0.10 during trading hours on Tuesday, hitting $11.56. 10,794 shares of the stock were exchanged, compared to its average volume of 29,133. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 0.57. The company's 50 day moving average is $10.97 and its 200 day moving average is $11.65. The firm has a market capitalization of $9.12 billion, a P/E ratio of 30.99, a P/E/G ratio of 12.41 and a beta of 0.62. Stora Enso Oyj has a one year low of $9.92 and a one year high of $14.41.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last announced 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). The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.79 billion. Stora Enso Oyj had a return on equity of 2.38% and a net margin of 6.20%. On average, research analysts expect that Stora Enso Oyj will post 0.44 EPS for the current year.

Wall Street Analyst Weigh In

SEOAY has been the subject of a number of analyst reports. Citigroup reaffirmed a "buy" rating on shares of Stora Enso Oyj in a research report on Thursday, July 30th. BNP Paribas Exane began coverage on Stora Enso Oyj in a research note on Wednesday, June 10th. They issued a "neutral" rating on the stock. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.80.

About Stora Enso Oyj

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.

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