Stora Enso Oyj (OTCMKTS:SEOAY) Sees Large Decline in Short Interest

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 18,878 shares, a decline of 42.6% from the February 12th total of 32,873 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 34,793 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 34,793 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Stora Enso Oyj Stock Down 3.6%

Shares of SEOAY opened at $11.80 on Friday. Stora Enso Oyj has a 52-week low of $7.97 and a 52-week high of $14.41. The company has a market capitalization of $9.31 billion, a PE ratio of 11.68 and a beta of 0.66. The stock has a fifty day simple moving average of $12.77 and a two-hundred day simple moving average of $11.92. The company has a quick ratio of 0.66, a current ratio of 1.21 and a debt-to-equity ratio of 0.33.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Stora Enso Oyj had a return on equity of 3.18% and a net margin of 7.58%. As a group, equities analysts forecast that Stora Enso Oyj will post 0.67 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup reiterated a “buy” rating on shares of Stora Enso Oyj in a report on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.80.

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.