Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Down 56.9% in May

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,245 shares, a decline of 56.9% from the April 30th total of 7,526 shares. Based on an average daily volume of 102,787 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Stora Enso Oyj to a “strong sell” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.80.

Stora Enso Oyj Price Performance

Shares of SEOAY remained flat at $11.63 during midday trading on Tuesday. The stock had a trading volume of 26,056 shares, compared to its average volume of 49,387. Stora Enso Oyj has a 12 month low of $9.51 and a 12 month high of $14.41. The company has a current ratio of 1.07, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $9.17 billion, a P/E ratio of 12.78 and a beta of 0.63. The firm has a fifty day moving average of $11.57 and a 200 day moving average of $12.11.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results 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). Stora Enso Oyj had a return on equity of 2.58% and a net margin of 6.63%.The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.69 billion. As a group, analysts predict that Stora Enso Oyj will post 0.64 earnings per share for the current year.

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.