Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

Key Points

• Short interest surged 220% to 34,353 shares as of August 31, though that represents approximately 0.0% of shares outstanding and just 0.9 days to cover.
• SEOAY shares were trading up 0.7% at $11.85, with a market capitalization of $9.35 billion and a 52-week range of $9.92 to $14.41.
• Stora Enso reported quarterly EPS of $0.04, below the $0.17 analyst consensus, while analysts maintain a consensus “Hold” rating with an average price target of $10.80.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) saw a significant growth in short interest in 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. Based on an average daily trading volume, of 36,796 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the shares of the company are sold short.

Stora Enso Oyj Trading Up 0.7%

Shares of SEOAY stock opened at $11.85 on Friday. The stock has a market cap of $9.35 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 12.74 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 current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $11.24 and a 200 day simple moving average of $11.50.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) 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). The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.79 billion. Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%. On average, research analysts predict that Stora Enso Oyj will post 0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.

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