Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Up 48.9% in May

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) saw a large growth in short interest in May. As of May 31st, there was short interest totalling 13,100 shares, a growth of 48.9% from the May 15th total of 8,800 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 60,600 shares, the short-interest ratio is presently 0.2 days.

Stora Enso Oyj Stock Down 2.2%

Shares of Stora Enso Oyj stock opened at $9.56 on Monday. Stora Enso Oyj has a 12-month low of $7.97 and a 12-month high of $14.32. The company has a quick ratio of 0.83, a current ratio of 1.12 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $7.54 billion, a PE ratio of -59.73 and a beta of 0.83. The stock's fifty day moving average is $9.45 and its 200-day moving average is $10.07.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last issued its earnings results on Friday, April 25th. The basic materials company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.10. Stora Enso Oyj had a negative return on equity of 3.97% and a negative net margin of 1.29%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.32 billion. Equities analysts anticipate that Stora Enso Oyj will post 0.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered Stora Enso Oyj from an "overweight" rating to an "underweight" rating in a research report on Monday, April 7th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.