Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Rises By 220.0%

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 34,353 shares, an increase of 220.0% from the August 15th total of 10,736 shares. Based on an average daily trading volume, of 36,796 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.0% of the shares of the stock are short sold.

Stora Enso Oyj Trading Up 0.7%

Shares of SEOAY opened at $11.85 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.80 and a current ratio of 1.33. Stora Enso Oyj has a 52-week low of $9.92 and a 52-week high of $14.41. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 12.74 and a beta of 0.63. The business’s fifty day moving average is $11.24 and its 200-day moving average is $11.50.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.13). The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.79 billion. Stora Enso Oyj had a return on equity of 2.31% and a net margin of 6.20%. Equities analysts anticipate that Stora Enso Oyj will post 0.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SEOAY shares. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research report on Thursday, July 30th. BNP Paribas Exane assumed coverage on shares of Stora Enso Oyj in a research report on Wednesday, June 10th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.80.

Stora Enso Oyj Company Profile

Stora Enso Oyj is a renewable materials company headquartered in Finland and Sweden. The company develops and manufactures products made from wood and other renewable resources, with a focus on replacing fossil-based materials in packaging, construction and other applications.

Its product portfolio includes renewable packaging materials, packaging solutions, biomaterials and engineered wood products. Stora Enso supplies materials for food and beverage packaging, consumer goods, industrial applications and wooden construction, as well as pulp and other components used in a range of fiber-based products.

Stora Enso serves customers in markets around the world, with operations and sales primarily concentrated in Europe and additional activities in the Americas and Asia.