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

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 7,526 shares, a decrease of 78.5% from the April 15th total of 34,982 shares. Based on an average daily volume of 158,831 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Stora Enso Oyj Stock Performance

SEOAY remained flat at $11.20 on Wednesday. 83,743 shares of the company traded hands, compared to its average volume of 35,534. The company has a current ratio of 1.21, a quick ratio of 0.66 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $11.83 and its two-hundred day simple moving average is $12.12. Stora Enso Oyj has a 52-week low of $9.51 and a 52-week high of $14.41. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 12.31 and a beta of 0.63.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its earnings results on Thursday, May 7th. The basic materials company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.05). The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.69 billion. Stora Enso Oyj had a net margin of 6.63% and a return on equity of 2.59%. On average, analysts predict that Stora Enso Oyj will post 0.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SEOAY shares. The Goldman Sachs Group raised Stora Enso Oyj to a “strong sell” rating in a report on Tuesday, March 24th. Citigroup reissued a “buy” rating on shares of Stora Enso Oyj in a research report on Monday, January 26th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.80.

About Stora Enso Oyj

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.