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

Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 12,900 shares, a growth of 514.3% from the April 30th total of 2,100 shares. Based on an average trading volume of 76,400 shares, the days-to-cover ratio is currently 0.2 days.

Stora Enso Oyj Trading Up 1.8 %

Shares of OTCMKTS SEOAY traded up $0.23 during trading hours on Friday, reaching $13.02. The stock had a trading volume of 37,648 shares, compared to its average volume of 30,912. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 0.24. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 6.89, a P/E/G ratio of 6.19 and a beta of 1.14. The business’s fifty day moving average price is $12.74 and its two-hundred day moving average price is $13.91. Stora Enso Oyj has a 52-week low of $11.91 and a 52-week high of $20.18.

Stora Enso Oyj (OTCMKTS:SEOAY – Get Rating) last posted its earnings results on Tuesday, April 25th. The basic materials company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Stora Enso Oyj had a return on equity of 9.59% and a net margin of 12.36%. Analysts expect that Stora Enso Oyj will post 0.76 EPS for the current fiscal year.

Stora Enso Oyj Increases Dividend

The business also recently announced a dividend, which was paid on Monday, April 3rd. Shareholders of record on Monday, March 20th were issued a dividend of $0.5096 per share. The ex-dividend date was Friday, March 17th. This represents a yield of 3.89%. This is a positive change from Stora Enso Oyj’s previous dividend of $0.50. Stora Enso Oyj’s dividend payout ratio is currently 26.98%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. raised Stora Enso Oyj from a “neutral” rating to an “overweight” rating in a research note on Tuesday, May 2nd. Bank of America upgraded Stora Enso Oyj from an “underperform” rating to a “buy” rating in a research report on Thursday, March 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Stora Enso Oyj currently has a consensus rating of “Moderate Buy” and an average target price of $15.83.

Stora Enso Oyj Company Profile

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Stora Enso Oyj engages in the manufacturing and marketing of newsprint, book paper, magazine paper, fine paper, consumer board, industrial packaging, and wood products. It operates through the following divisions: Packaging Solutions, Biomaterials, Wood Products, Forest, Paper, and Other. The Packaging Solutions division develops fibre-based packaging, and operates at every stage of the value chain from pulp production, material and packaging production to recycling.