Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Down 92.9% in August

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 10,736 shares, a decrease of 92.9% from the July 30th total of 151,580 shares. Based on an average trading volume of 32,286 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Stora Enso Oyj Price Performance

Shares of OTCMKTS:SEOAY opened at $11.56 on Wednesday. The firm has a 50 day moving average of $10.97 and a 200-day moving average of $11.65. Stora Enso Oyj has a 12 month low of $9.92 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 $9.12 billion, a PE ratio of 13.76, a PEG ratio of 12.41 and a beta of 0.62.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings results 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 2.38% and a net margin of 6.20%.The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.79 billion. On average, equities research analysts predict that Stora Enso Oyj will post 0.44 EPS for the current fiscal year.

Analyst Ratings Changes

SEOAY has been the subject of several analyst reports. Citigroup reiterated a “buy” rating on shares of Stora Enso Oyj in a research note on Thursday, July 30th. BNP Paribas Exane started coverage on shares of Stora Enso Oyj in a report on Wednesday, June 10th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.