Stora Enso Oyj (OTCMKTS:SEOAY) Sees Large Increase in Short Interest

Stora Enso Oyj (OTCMKTS:SEOAY) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 15,300 shares, a growth of 273.2% from the November 30th total of 4,100 shares. Based on an average daily volume of 266,200 shares, the days-to-cover ratio is currently 0.1 days.

Stora Enso Oyj Stock Performance

Shares of OTCMKTS:SEOAY traded up $0.23 during midday trading on Friday, reaching $10.22. 99,404 shares of the company’s stock traded hands, compared to its average volume of 56,584. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.83 and a current ratio of 1.27. Stora Enso Oyj has a one year low of $9.43 and a one year high of $15.29. The company has a market cap of $8.06 billion, a price-to-earnings ratio of -113.58 and a beta of 0.88. The stock has a 50 day moving average of $10.47 and a 200 day moving average of $12.01.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Stora Enso Oyj had a negative net margin of 0.75% and a negative return on equity of 2.72%. The company had revenue of $2.48 billion for the quarter. As a group, equities research analysts anticipate that Stora Enso Oyj will post 0.46 EPS for the current fiscal year.

Stora Enso Oyj Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.1049 per share. The ex-dividend date is Friday, December 13th. Stora Enso Oyj’s dividend payout ratio is presently -111.11%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SEOAY. Barclays upgraded Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 7th. BNP Paribas upgraded shares of Stora Enso Oyj to a “hold” rating in a research note on Tuesday, October 15th.

Stora Enso Oyj Company Profile

Stora Enso Oyj provides renewable solutions for the packaging, biomaterials, wooden constructions, and paper industries in Finland and internationally. It operates through Packaging Materials, Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other segments. The company's Packaging Materials segment offers virgin and recycled fiber replace fossil-based materials with low-carbon, renewable and recyclable packaging materials for food and beverage, pharmaceutical, and transport packaging.