Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Up 239.9% in March

Stora Enso Oyj (OTCMKTS:SEOAY) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 64,159 shares, an increase of 239.9% from the February 26th total of 18,878 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 64,397 shares, the days-to-cover ratio is presently 1.0 days.

Stora Enso Oyj Stock Performance

Shares of OTCMKTS SEOAY opened at $11.88 on Thursday. The stock has a market cap of $9.37 billion, a PE ratio of 11.76 and a beta of 0.66. Stora Enso Oyj has a 1 year low of $7.97 and a 1 year high of $14.41. The firm has a fifty day moving average price of $12.62 and a 200-day moving average price of $11.93. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.21 and a quick ratio of 0.66.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly earnings data on Wednesday, February 4th. The basic materials company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.07). Stora Enso Oyj had a return on equity of 3.18% and a net margin of 7.58%.The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.26 billion. Equities analysts anticipate that Stora Enso Oyj will post 0.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on SEOAY. The Goldman Sachs Group upgraded Stora Enso Oyj to a “strong sell” rating in a research note on Tuesday. Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a report on Monday, January 26th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Stora Enso Oyj has a consensus rating of “Reduce” and a consensus target price 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.