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

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 48,500 shares, anincreaseof159.4% from the June 30th total of 18,700 shares. Based on an average daily volume of 33,400 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 33,400 shares, the short-interest ratio is presently 1.5 days.

Stora Enso Oyj Stock Performance

SEOAY opened at $10.45 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.09 and a debt-to-equity ratio of 0.38. The company has a market cap of $8.24 billion, a price-to-earnings ratio of -65.31 and a beta of 0.84. Stora Enso Oyj has a 52-week low of $7.97 and a 52-week high of $13.58. The firm's fifty day simple moving average is $10.54 and its two-hundred day simple moving average is $10.23.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $2.84 billion during the quarter, compared to analysts' expectations of $2.47 billion. Stora Enso Oyj had a negative return on equity of 3.89% and a negative net margin of 1.18%. Equities analysts anticipate that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on SEOAY shares. Barclays downgraded shares of Stora Enso Oyj from an "overweight" rating to an "underweight" rating in a report on Monday, April 7th. Wall Street Zen downgraded shares of Stora Enso Oyj from a "hold" rating to a "sell" rating in a report on Monday, July 28th. Finally, BNP Paribas downgraded shares of Stora Enso Oyj from a "hold" rating to a "strong sell" rating in a report on Wednesday, June 25th.

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.

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