Stora Enso Oyj (OTCMKTS:SEOAY) Short Interest Up 1,453.7% in October

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 63,700 shares, a growth of 1,453.7% from the September 30th total of 4,100 shares. Based on an average daily trading volume, of 52,900 shares, the short-interest ratio is presently 1.2 days.

Stora Enso Oyj Trading Up 2.7 %

Shares of SEOAY traded up $0.30 during trading hours on Friday, hitting $11.46. The company had a trading volume of 84,769 shares, compared to its average volume of 35,285. The firm has a market cap of $9.04 billion, a P/E ratio of -45.84, a P/E/G ratio of 0.38 and a beta of 0.91. The stock's 50 day moving average price is $12.45 and its 200 day moving average price is $13.17. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 0.40. Stora Enso Oyj has a 52-week low of $11.12 and a 52-week high of $15.29.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $2.48 billion for the quarter. Stora Enso Oyj had a negative return on equity of 3.76% and a negative net margin of 2.17%. On average, research analysts predict that Stora Enso Oyj will post 0.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays upgraded Stora Enso Oyj from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, October 7th. BNP Paribas upgraded Stora Enso Oyj to a "hold" rating in a research report on Tuesday, October 15th. Finally, Citigroup upgraded Stora Enso Oyj from a "neutral" rating to a "buy" rating in a research report on Monday, July 1st.

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.

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