Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Increases By 66.0%

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 53,300 shares, a growth of 66.0% from the August 31st total of 32,100 shares. Based on an average daily trading volume, of 55,600 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 55,600 shares, the days-to-cover ratio is presently 1.0 days.

Stora Enso Oyj Price Performance

Shares of SEOAY stock opened at $10.46 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 0.80. The company has a market capitalization of $8.25 billion, a P/E ratio of -65.38 and a beta of 0.81. The company’s 50-day simple moving average is $11.33 and its two-hundred day simple moving average is $10.39. Stora Enso Oyj has a one year low of $7.97 and a one year high of $13.51.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Wednesday, July 23rd. The basic materials company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.47 billion. Stora Enso Oyj had a negative return on equity of 3.87% and a negative net margin of 1.18%. As a group, equities analysts anticipate that Stora Enso Oyj will post 0.67 EPS for the current year.

Stora Enso Oyj Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, October 9th. Shareholders of record on Friday, September 26th will be paid a $0.0883 dividend. This represents a yield of 79.0%. The ex-dividend date is Thursday, September 25th. Stora Enso Oyj’s dividend payout ratio is currently -75.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SEOAY. Berenberg Bank upgraded shares of Stora Enso Oyj to a “hold” rating in a research report on Friday, August 29th. UBS Group cut shares of Stora Enso Oyj from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. BNP Paribas upgraded shares of Stora Enso Oyj from a “strong sell” rating to a “hold” rating and set a $10.80 target price on the stock in a research report on Monday, September 29th. Finally, Wall Street Zen cut shares of Stora Enso Oyj from a “hold” rating to a “sell” rating in a research report on Monday, July 28th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $10.80.

About Stora Enso Oyj

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.