UPM-Kymmene Oyj (OTCMKTS:UPMMY) Short Interest Down 67.9% in January

UPM-Kymmene Oyj (OTCMKTS:UPMMY) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 18,400 shares, a decrease of 67.9% from the December 31st total of 57,300 shares. Based on an average daily volume of 325,600 shares, the days-to-cover ratio is currently 0.1 days.

UPM-Kymmene Oyj Stock Down 0.4 %

Shares of UPMMY opened at $29.33 on Friday. The firm’s fifty day simple moving average is $27.65 and its two-hundred day simple moving average is $30.32. UPM-Kymmene Oyj has a 12 month low of $25.95 and a 12 month high of $38.81.

About UPM-Kymmene Oyj

UPM-Kymmene Oyj, together with its subsidiaries, engages in the forest-based bioindustry in Europe, North America, Asia, and internationally. It operates through UPM Fibres, 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 transport and petrochemical industry.