UPM-Kymmene Oyj (OTCMKTS:UPMMY – Get Free Report) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 325 shares, a drop of 98.8% from the October 15th total of 27,681 shares. Based on an average daily volume of 105,709 shares, the short-interest ratio is currently 0.0 days.
UPM-Kymmene Oyj Stock Performance
Shares of UPMMY traded down $0.76 during mid-day trading on Tuesday, hitting $24.45. The company’s stock had a trading volume of 105,856 shares, compared to its average volume of 68,962. The firm has a 50-day moving average price of $27.75 and a 200 day moving average price of $28.66. UPM-Kymmene Oyj has a fifty-two week low of $23.65 and a fifty-two week high of $33.04.
About UPM-Kymmene Oyj
UPM-Kymmene Oyj is a Finland-based forest industry company that develops and manufactures renewable, fiber-based products and solutions. Its business activities include pulp, timber, specialty papers, label materials, communication papers, energy, and emerging biochemical products made from wood-based raw materials. The company operates through businesses such as UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, and UPM Biochemicals. Its products serve customers in areas including packaging, labeling, publishing, advertising, hygiene, construction, and industrial applications.
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