Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Up 156.5% in February

Stora Enso Oyj (OTCMKTS:SEOAY) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 32,873 shares, a growth of 156.5% from the January 29th total of 12,817 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 29,671 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 29,671 shares, the short-interest ratio is presently 1.1 days. Currently, 0.0% of the company’s shares are sold short.

Stora Enso Oyj Price Performance

Stora Enso Oyj stock opened at $13.65 on Friday. The company’s 50 day simple moving average is $12.75 and its 200-day simple moving average is $11.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.66 and a current ratio of 1.21. Stora Enso Oyj has a 1 year low of $7.97 and a 1 year high of $14.41. The company has a market capitalization of $10.76 billion, a price-to-earnings ratio of 13.51 and a beta of 0.70.

Stora Enso Oyj (OTCMKTS:SEOAY) last posted its earnings results on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.07). Stora Enso Oyj had a net margin of 7.58% and a return on equity of 3.18%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.26 billion. As a group, equities research analysts expect that Stora Enso Oyj will post 0.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a report on Monday, January 26th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.