Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Up 220.0% in August

Stora Enso Oyj (OTCMKTS:SEOAY) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 34,353 shares, a growth of 220.0% from the August 15th total of 10,736 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 36,796 shares, the short-interest ratio is presently 0.9 days.

Stora Enso Oyj Price Performance

Shares of SEOAY stock traded up $0.08 during mid-day trading on Friday, hitting $11.85. The company had a trading volume of 34,304 shares, compared to its average volume of 25,950. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.80. The stock’s 50 day moving average price is $11.24 and its 200-day moving average price is $11.50. Stora Enso Oyj has a 52-week low of $9.92 and a 52-week high of $14.41. The company has a market capitalization of $9.35 billion, a P/E ratio of 14.11, a P/E/G ratio of 12.82 and a beta of 0.63.

Stora Enso Oyj (OTCMKTS:SEOAY) last announced its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.13). Stora Enso Oyj had a net margin of 6.20% and a return on equity of 2.31%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.79 billion. Equities research analysts forecast that Stora Enso Oyj will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

SEOAY has been the topic of several research analyst reports. BNP Paribas Exane initiated coverage on Stora Enso Oyj in a research note on Wednesday, June 10th. They set a “neutral” rating on the stock. Citigroup restated a “buy” rating on shares of Stora Enso Oyj in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.80.

Stora Enso Oyj Company Profile

Stora Enso Oyj is a renewable materials company headquartered in Finland and Sweden. The company develops and manufactures products made from wood and other renewable resources, with a focus on replacing fossil-based materials in packaging, construction and other applications.

Its product portfolio includes renewable packaging materials, packaging solutions, biomaterials and engineered wood products. Stora Enso supplies materials for food and beverage packaging, consumer goods, industrial applications and wooden construction, as well as pulp and other components used in a range of fiber-based products.

Stora Enso serves customers in markets around the world, with operations and sales primarily concentrated in Europe and additional activities in the Americas and Asia.