UPM-Kymmene Oyj (OTCMKTS:UPMMY) Short Interest Up 87.5% in May

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 62,800 shares, an increase of 87.5% from the May 15th total of 33,500 shares. Based on an average daily volume of 112,400 shares, the short-interest ratio is presently 0.6 days.

UPM-Kymmene Oyj Stock Performance

UPM-Kymmene Oyj stock opened at $26.50 on Friday. UPM-Kymmene Oyj has a 1-year low of $24.20 and a 1-year high of $37.02. The stock’s fifty day moving average is $26.86 and its two-hundred day moving average is $27.85.

About UPM-Kymmene Oyj

UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry in Europe, North America, Asia, and internationally. It operates through UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other Operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for transport and petrochemical industry.