Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Increases By 66.0%

Key Points

• Stora Enso Oyj experienced a significant 66.0% increase in short interest in September, totaling 53,300 shares compared to 32,100 shares at the end of August.
• The company announced a dividend of $0.0883 per share to be paid on October 9th, with an ex-dividend date of September 25th, resulting in a dividend yield of 79.0%.
• Analysts have recently rated Stora Enso Oyj with a consensus of "Reduce"**, with a target price set at $10.80.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 53,300 shares, an increase of 66.0% from the August 31st total of 32,100 shares. Based on an average trading volume of 55,600 shares, the days-to-cover ratio is presently 1.0 days. Based on an average trading volume of 55,600 shares, the days-to-cover ratio is presently 1.0 days.

Stora Enso Oyj Trading Down 5.3%

OTCMKTS SEOAY traded down $0.60 during trading hours on Monday, reaching $10.64. The company had a trading volume of 18,188 shares, compared to its average volume of 75,193. The company has a current ratio of 1.18, a quick ratio of 0.80 and a debt-to-equity ratio of 0.36. Stora Enso Oyj has a 1-year low of $7.97 and a 1-year high of $13.58. The stock has a market capitalization of $8.39 billion, a P/E ratio of -66.50 and a beta of 0.81. The stock has a 50-day moving average of $11.35 and a 200 day moving average of $10.39.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Stora Enso Oyj had a negative return on equity of 3.87% and a negative net margin of 1.18%.The firm had revenue of $2.84 billion for the quarter, compared to analysts' expectations of $2.47 billion. As a group, research analysts anticipate that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

Stora Enso Oyj Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, October 9th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.0883 per share. The ex-dividend date is Thursday, September 25th. This represents a dividend yield of 79.0%. Stora Enso Oyj's payout ratio is presently -75.00%.

Wall Street Analysts Forecast Growth

SEOAY has been the topic of several recent research reports. Berenberg Bank raised shares of Stora Enso Oyj to a "hold" rating in a research report on Friday, August 29th. BNP Paribas raised shares of Stora Enso Oyj from a "strong sell" rating to a "hold" rating and set a $10.80 price target on the stock in a research report on Monday, September 29th. UBS Group cut shares of Stora Enso Oyj from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen cut shares of Stora Enso Oyj from a "hold" rating to a "sell" rating in a research report on Monday, July 28th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $10.80.

About Stora Enso Oyj

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.

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