UPM-Kymmene Oyj (OTCMKTS:UPMMY) Sees Significant Drop in Short Interest

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 1,670 shares, a drop of 74.0% from the July 15th total of 6,425 shares. Based on an average trading volume of 344,228 shares, the short-interest ratio is currently 0.0 days.

UPM-Kymmene Oyj Price Performance

OTCMKTS UPMMY opened at $26.68 on Thursday. UPM-Kymmene Oyj has a 1-year low of $25.11 and a 1-year high of $33.04. The stock has a 50-day moving average of $27.05 and a 200-day moving average of $29.13.

UPM-Kymmene Oyj Company Profile

UPM-Kymmene Oyj, trading in the United States under the ticker UPMMY, is a Finland-based company operating in the forest industry with a broad portfolio of renewable and recyclable products. Established through the 1996 merger of Kymmene Corporation and Repola Ltd, UPM has developed from a traditional paper and pulp producer into a diversified bioeconomy leader. Headquartered in Helsinki, the company employs thousands of professionals worldwide and is led by President and CEO Jussi Pesonen, who has been at the helm since 2004.

UPM’s core operations span multiple business segments, including UPM Biorefining, which produces pulp, paper, and renewable energy; UPM Raflatac, specializing in self-adhesive label materials; and UPM Specialty Papers, offering coated and uncoated paper grades for commercial printing and industrial use.