Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Declines By 90.1%

UPM-Kymmene Oyj (OTCMKTS:UPMMY) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 1,104 shares, a decline of 90.1% from the April 15th total of 11,119 shares. Based on an average daily volume of 82,883 shares, the days-to-cover ratio is presently 0.0 days.

UPM-Kymmene Oyj Price Performance

UPMMY stock traded down $0.14 during midday trading on Monday, hitting $29.70. 50,651 shares of the company’s stock were exchanged, compared to its average volume of 43,984. UPM-Kymmene Oyj has a 12-month low of $25.11 and a 12-month high of $33.04. The firm has a 50 day moving average price of $30.51 and a 200-day moving average price of $29.16.

About UPM-Kymmene Oyj

UPM-Kymmene Oyj, trading in the United States under the ticker UPMMY, is a Finland-based company operating in the forest industry with a broad portfolio of renewable and recyclable products. Established through the 1996 merger of Kymmene Corporation and Repola Ltd, UPM has developed from a traditional paper and pulp producer into a diversified bioeconomy leader. Headquartered in Helsinki, the company employs thousands of professionals worldwide and is led by President and CEO Jussi Pesonen, who has been at the helm since 2004.

UPM’s core operations span multiple business segments, including UPM Biorefining, which produces pulp, paper, and renewable energy; UPM Raflatac, specializing in self-adhesive label materials; and UPM Specialty Papers, offering coated and uncoated paper grades for commercial printing and industrial use.