Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Increases By 48.9%

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

Wall Street Analyst Weigh In

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

Stora Enso Oyj Stock Up 11.3%

Shares of Stora Enso Oyj stock traded up $1.08 during midday trading on Thursday, reaching $10.62. 223,530 shares of the company's stock traded hands, compared to its average volume of 44,338. The company has a market cap of $8.38 billion, a price-to-earnings ratio of -81.69 and a beta of 0.83. The company's 50 day simple moving average is $9.54 and its 200 day simple moving average is $10.07. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.67 and a current ratio of 1.09. Stora Enso Oyj has a 52 week low of $7.97 and a 52 week high of $14.32.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The basic materials company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.10. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.32 billion. Stora Enso Oyj had a negative net margin of 1.01% and a negative return on equity of 3.74%. Equities analysts expect that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

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.