Short Interest in Stora Enso Oyj (OTCMKTS:SEOAY) Drops By 49.4%

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 4,100 shares, a decrease of 49.4% from the November 15th total of 8,100 shares. Based on an average trading volume of 342,800 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

SEOAY has been the topic of several analyst reports. Barclays upgraded shares of Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a report on Monday, October 7th. BNP Paribas raised Stora Enso Oyj to a “hold” rating in a research report on Tuesday, October 15th.

Stora Enso Oyj Stock Up 0.1 %

Shares of SEOAY traded up $0.01 during trading on Friday, reaching $10.18. The company’s stock had a trading volume of 95,844 shares, compared to its average volume of 51,804. Stora Enso Oyj has a twelve month low of $9.53 and a twelve month high of $15.29. The company has a quick ratio of 0.83, a current ratio of 1.27 and a debt-to-equity ratio of 0.38. The company has a market cap of $8.03 billion, a price-to-earnings ratio of -113.10 and a beta of 0.88. The company has a fifty day moving average of $10.97 and a two-hundred day moving average of $12.29.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Stora Enso Oyj had a negative return on equity of 2.72% and a negative net margin of 0.75%. The business had revenue of $2.48 billion during the quarter. On average, sell-side analysts predict that Stora Enso Oyj will post 0.46 EPS for the current fiscal year.

Stora Enso Oyj Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.1049 dividend. The ex-dividend date of this dividend is Friday, December 13th. Stora Enso Oyj’s dividend payout ratio (DPR) is -55.55%.

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.