Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 25,571 shares, a growth of 23.5% from the December 15th total of 20,711 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 17,695 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 17,695 shares, the short-interest ratio is currently 1.4 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, BNP Paribas raised Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 target price on the stock in a report on Monday, September 29th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $10.80.

Stora Enso Oyj Stock Performance

OTCMKTS:SEOAY opened at $12.33 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. Stora Enso Oyj has a twelve month low of $7.97 and a twelve month high of $12.80. The company has a fifty day moving average of $12.10 and a 200-day moving average of $11.47. The firm has a market capitalization of $9.72 billion, a P/E ratio of 1,234.23 and a beta of 0.71.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.22. Stora Enso Oyj had a net margin of 0.14% and a negative return on equity of 2.55%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.34 billion. As a group, sell-side analysts anticipate that Stora Enso Oyj will post 0.67 EPS for the current year.

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.