Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Up 1,969.6% in July

Stora Enso Oyj (OTCMKTS:SEOAY) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 151,580 shares, a growth of 1,969.6% from the July 15th total of 7,324 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 122,273 shares, the days-to-cover ratio is currently 1.2 days.

Stora Enso Oyj Price Performance

Shares of OTCMKTS SEOAY opened at $11.13 on Wednesday. Stora Enso Oyj has a 1 year low of $9.92 and a 1 year high of $14.41. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 0.57. The company’s 50-day moving average is $11.00 and its 200 day moving average is $11.72. The stock has a market capitalization of $8.78 billion, a P/E ratio of 13.25, a P/E/G ratio of 12.10 and a beta of 0.62.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.13). The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Stora Enso Oyj had a return on equity of 2.38% and a net margin of 6.20%. On average, sell-side analysts expect that Stora Enso Oyj will post 0.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SEOAY. Citigroup reiterated a “buy” rating on shares of Stora Enso Oyj in a report on Thursday, July 30th. BNP Paribas Exane started coverage on Stora Enso Oyj in a research note on Wednesday, June 10th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.80.

Stora Enso Oyj Company Profile

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.