Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

Key Points

• Short interest surged 1,969.6% to 151,580 shares as of July 31, up from 7,324 shares on July 15. The stock’s days-to-cover ratio is 1.2, while short interest remains 0.0% of shares outstanding.
• Analyst sentiment is mixed, with one Buy, three Hold and one Sell rating. MarketBeat reports an overall “Hold” consensus and a price target of $10.80.
• Stora Enso’s latest quarterly results fell short of expectations: EPS was $0.04 versus the $0.17 consensus, while revenue reached $2.76 billion against estimates of $2.79 billion.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 151,580 shares, an increase of 1,969.6% from the July 15th total of 7,324 shares. Based on an average daily trading volume, of 122,273 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the company's shares are short sold.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SEOAY shares. BNP Paribas Exane began coverage on shares of Stora Enso Oyj in a research report on Wednesday, June 10th. They issued a "neutral" rating for the company. Citigroup reiterated a "buy" rating on shares of Stora Enso Oyj in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $10.80.

Stora Enso Oyj Price Performance

Stora Enso Oyj stock traded down $0.05 during trading hours on Tuesday, hitting $11.13. 14,449 shares of the stock were exchanged, compared to its average volume of 41,897. The business's 50-day moving average is $11.01 and its two-hundred day moving average is $11.73. Stora Enso Oyj has a 12 month low of $9.92 and a 12 month high of $14.41. The stock has a market capitalization of $8.78 billion, a P/E ratio of 13.25, a P/E/G ratio of 12.35 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 1.07.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.13). The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.79 billion. Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.38%. Equities research analysts expect that Stora Enso Oyj will post 0.44 EPS for the current fiscal year.

About Stora Enso Oyj

Stora Enso Oyj is a Finland‐based provider of renewable solutions in packaging, biomaterials, wooden construction and paper. The company draws on centuries of forest industry experience and leverages sustainable practices to produce a wide array of products, including paperboard for consumer goods, specialty papers for printing and publishing, and pulp for industrial applications. Its portfolio also encompasses wood products such as cross-laminated timber, sawn timber and building components, designed to meet growing demand for environmentally friendly construction materials.

Formed through the 1998 merger of Swedish mining and forestry giant Stora and Finnish paper maker Enso, Stora Enso combines deep heritage with ongoing investments in innovation.

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