Stora Enso Oyj (OTCMKTS:SEOAY) Stock Short Interest Falls 64.9%

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totaling 22,694 shares, a drop of 64.9% from the September 15th total of 64,743 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 124,901 shares, the short-interest ratio is presently 0.2 days.

Stora Enso Oyj Stock Up 2.5%

OTCMKTS:SEOAY opened at $11.39 on Wednesday. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 30.04, a PEG ratio of 12.03 and a beta of 0.57. Stora Enso Oyj has a 1-year low of $9.92 and a 1-year high of $14.41. The company has a current ratio of 1.33, a quick ratio of 0.80 and a debt-to-equity ratio of 0.27. The business’s fifty day moving average price is $11.58 and its 200 day moving average price is $11.39.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.13). Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.79 billion. On average, sell-side analysts forecast that Stora Enso Oyj will post 0.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a report on Monday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

About Stora Enso Oyj

Stora Enso Oyj is a renewable materials company headquartered in Helsinki, Finland. The company develops and manufactures products made primarily from renewable wood-based resources, serving customers in packaging, construction, consumer goods and other industries.

Its activities include renewable packaging materials and solutions, pulp, biomaterials, wooden construction products and wood products. Stora Enso also manages forest assets and provides products such as sawn wood, engineered wood and mass-timber components for building applications.