UPM-Kymmene Oyj (OTCMKTS:UPMMY) Sees Large Decline in Short Interest

UPM-Kymmene Oyj (OTCMKTS:UPMMY) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 500 shares, a decrease of 75.0% from the September 15th total of 2,000 shares. Based on an average daily trading volume, of 54,900 shares, the short-interest ratio is currently 0.0 days.

Several research firms have issued reports on UPMMY. Credit Suisse Group reaffirmed a “neutral” rating on shares of UPM-Kymmene Oyj in a report on Monday, July 26th. Danske cut UPM-Kymmene Oyj from a “hold” rating to a “sell” rating in a report on Monday, September 13th. Finally, UBS Group reaffirmed a “neutral” rating on shares of UPM-Kymmene Oyj in a report on Tuesday, September 28th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

OTCMKTS UPMMY opened at $35.31 on Thursday. UPM-Kymmene Oyj has a twelve month low of $27.80 and a twelve month high of $41.77. The firm’s 50 day moving average price is $38.88 and its two-hundred day moving average price is $38.86.

UPM-Kymmene Oyj Company Profile

UPM-Kymmene Oyj engages in the forest-based bio industry. It operates through UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers, UPM Plywood, and Other operations segments. The company provides softwood, birch, and eucalyptus pulp for tissue, specialty, and graphic papers and packaging; sawn timber for joinery, packaging, furniture, planning, and construction industries; and wood-based renewable diesel and renewable naphtha for the petrochemical industry.

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