Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Grows By 226.4%

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 48,300 shares, an increase of 226.4% from the March 15th total of 14,800 shares. Based on an average trading volume of 43,900 shares, the days-to-cover ratio is currently 1.1 days.

Stora Enso Oyj Price Performance

Stora Enso Oyj stock traded up $0.04 during trading hours on Thursday, hitting $13.91. 31,363 shares of the stock were exchanged, compared to its average volume of 26,568. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.25 and a current ratio of 1.65. The stock has a market capitalization of $10.97 billion, a P/E ratio of -28.31 and a beta of 1.00. Stora Enso Oyj has a 12 month low of $11.06 and a 12 month high of $14.52. The business's 50-day moving average is $12.82 and its two-hundred day moving average is $12.88.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The basic materials company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.68). The firm had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.44 billion. Stora Enso Oyj had a negative return on equity of 5.08% and a negative net margin of 3.82%. Equities research analysts expect that Stora Enso Oyj will post 0.46 EPS for the current fiscal year.

Stora Enso Oyj Company Profile

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.