UPM-Kymmene Oyj (OTCMKTS:UPMMY) Short Interest Up 185.2% in August

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 23,870 shares, a growth of 185.2% from the August 15th total of 8,369 shares. Based on an average daily volume of 74,217 shares, the days-to-cover ratio is currently 0.3 days.

UPM-Kymmene Oyj Stock Up 0.8%

UPM-Kymmene Oyj stock opened at $29.95 on Friday. UPM-Kymmene Oyj has a 1-year low of $25.11 and a 1-year high of $33.04. The company has a fifty day simple moving average of $27.12 and a 200 day simple moving average of $28.76.

About UPM-Kymmene Oyj

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.