Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Declines By 20.7%

Key Points

• Short interest in Stora Enso Oyj decreased by 20.7% in August, dropping from 40,500 shares to 32,100 shares, indicating reduced bearish sentiment.
• Analyst ratings for Stora Enso Oyj vary, with two analysts rating it as a "hold" and two as a "sell" after several adjustments in the past months, contributing to an average rating of "Reduce."
• Despite a revenue of $2.84 billion reported last quarter, the company missed EPS expectations, reporting $0.06 against a consensus of $0.07, reflecting ongoing challenges.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 32,100 shares, a decrease of 20.7% from the August 15th total of 40,500 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 75,600 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 75,600 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company's shares are sold short.

Stora Enso Oyj Trading Up 2.1%

Shares of OTCMKTS:SEOAY traded up $0.23 during trading on Monday, hitting $11.41. The stock had a trading volume of 28,671 shares, compared to its average volume of 30,036. Stora Enso Oyj has a 12-month low of $7.97 and a 12-month high of $13.58. The company has a current ratio of 1.18, a quick ratio of 0.80 and a debt-to-equity ratio of 0.36. The stock has a 50-day simple moving average of $11.30 and a two-hundred day simple moving average of $10.37.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.47 billion. Sell-side analysts predict that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

Stora Enso Oyj Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, October 9th. Investors of record on Friday, September 26th will be given a dividend of $0.0883 per share. This represents a yield of 79.0%. The ex-dividend date is Thursday, September 25th. Stora Enso Oyj's dividend payout ratio (DPR) is currently -75.00%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SEOAY. UBS Group downgraded Stora Enso Oyj from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Wall Street Zen cut Stora Enso Oyj from a "hold" rating to a "sell" rating in a research note on Monday, July 28th. Berenberg Bank upgraded Stora Enso Oyj to a "hold" rating in a research note on Friday, August 29th. Finally, BNP Paribas cut Stora Enso Oyj from a "hold" rating to a "strong sell" rating in a research note on Wednesday, June 25th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Stora Enso Oyj has a consensus rating of "Reduce".

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.