Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Down 78.2% in July

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 7,324 shares, a decline of 78.2% from the June 30th total of 33,642 shares. Based on an average trading volume of 148,503 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Stora Enso Oyj Stock Up 2.2%

Shares of SEOAY traded up $0.23 during mid-day trading on Monday, hitting $10.88. The company’s stock had a trading volume of 41,271 shares, compared to its average volume of 42,167. The company has a current ratio of 1.07, a quick ratio of 0.57 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average is $11.03 and its 200-day moving average is $11.81. Stora Enso Oyj has a 52-week low of $9.92 and a 52-week high of $14.41. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 12.95 and a beta of 0.64.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.38%. On average, equities research analysts forecast that Stora Enso Oyj will post 0.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane assumed coverage on Stora Enso Oyj in a research report on Wednesday, June 10th. They set a “neutral” rating for the company. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Stora Enso Oyj currently has a consensus rating of “Hold” and an average price target of $10.80.

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.