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

Stora Enso Oyj (OTCMKTS:SEOAY) was the recipient of a significant decline in short interest during 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 presently 0.0 days.

Stora Enso Oyj Stock Performance

SEOAY traded up $0.01 during trading on Friday, reaching $10.18. 95,844 shares of the company were exchanged, compared to its average volume of 51,804. Stora Enso Oyj has a 52 week low of $9.53 and a 52 week high of $15.29. The company has a current ratio of 1.27, a quick ratio of 0.83 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $10.97 and a 200 day moving average of $12.29. The stock has a market cap of $8.03 billion, a P/E ratio of -113.10 and a beta of 0.88.

Stora Enso Oyj (OTCMKTS:SEOAY) last released its quarterly earnings results on Thursday, October 24th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). The firm had revenue of $2.48 billion for the quarter. Stora Enso Oyj had a negative return on equity of 2.72% and a negative net margin of 0.75%. On average, sell-side analysts forecast that Stora Enso Oyj will post 0.46 EPS for the current fiscal year.

Stora Enso Oyj Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.1049 dividend. The ex-dividend date is Friday, December 13th. Stora Enso Oyj’s dividend payout ratio is currently -55.55%.

Analysts Set New Price Targets

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

About Stora Enso Oyj

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.