Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Expands By 1,072.5%

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 12,944 shares, a growth of 1,072.5% from the April 30th total of 1,104 shares. Based on an average trading volume of 84,378 shares, the short-interest ratio is currently 0.2 days.

UPM-Kymmene Oyj Stock Up 1.7%

UPMMY stock opened at $29.68 on Thursday. The firm’s fifty day simple moving average is $30.14 and its 200-day simple moving average is $29.42. UPM-Kymmene Oyj has a 12 month low of $25.11 and a 12 month high of $33.04.

UPM-Kymmene Oyj Company Profile

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.