Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Increases By 1,969.6%

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

Stora Enso Oyj Stock Down 0.5%

Shares of SEOAY traded down $0.05 during mid-day trading on Tuesday, hitting $11.13. 14,449 shares of the company’s stock were exchanged, compared to its average volume of 41,897. The company has a market cap of $8.78 billion, a PE ratio of 13.25, a P/E/G ratio of 12.35 and a beta of 0.62. Stora Enso Oyj has a 52 week low of $9.92 and a 52 week high of $14.41. The company has a 50-day simple moving average of $11.01 and a 200 day simple moving average of $11.73. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 0.57.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.79 billion. On average, research analysts forecast that Stora Enso Oyj will post 0.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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