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

Stora Enso Oyj (OTCMKTS:SEOAY) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 7,526 shares, a decline of 78.5% from the April 15th total of 34,982 shares. Based on an average trading volume of 158,831 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Stora Enso Oyj Price Performance

SEOAY stock remained flat at $11.20 during trading on Wednesday. The company’s stock had a trading volume of 83,743 shares, compared to its average volume of 35,534. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 12.31 and a beta of 0.63. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33. Stora Enso Oyj has a one year low of $9.51 and a one year high of $14.41. The company has a fifty day simple moving average of $11.83 and a two-hundred day simple moving average of $12.12.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Thursday, May 7th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.69 billion. Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.59%. As a group, sell-side analysts expect that Stora Enso Oyj will post 0.64 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on SEOAY. The Goldman Sachs Group raised shares of Stora Enso Oyj to a “strong sell” rating in a report on Tuesday, March 24th. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, January 26th. 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 data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.