Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Update

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays raised Stora Enso Oyj from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, October 7th. BNP Paribas raised shares of Stora Enso Oyj to a “hold” rating in a research report on Tuesday, October 15th.

Stora Enso Oyj Stock Performance

Shares of OTCMKTS SEOAY traded up $0.01 during midday trading on Friday, reaching $10.18. 95,844 shares of the stock were exchanged, compared to its average volume of 51,804. 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 firm has a market cap of $8.03 billion, a price-to-earnings ratio of -113.10 and a beta of 0.88. The firm has a 50-day simple moving average of $10.97 and a two-hundred day simple moving average of $12.29. Stora Enso Oyj has a twelve month low of $9.53 and a twelve month high of $15.29.

Stora Enso Oyj (OTCMKTS:SEOAY) last issued its quarterly earnings data on Thursday, October 24th. The basic materials company reported $0.11 earnings per share 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 firm had revenue of $2.48 billion during the quarter. As a group, analysts anticipate 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 issued a dividend of $0.1049 per share. The ex-dividend date is Friday, December 13th. Stora Enso Oyj’s payout ratio is currently -55.55%.

Stora Enso Oyj Company Profile

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.