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

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,700 shares, a decline of 96.2% from the January 31st total of 44,700 shares. Based on an average trading volume of 141,100 shares, the days-to-cover ratio is presently 0.0 days.

Stora Enso Oyj Stock Performance

SEOAY stock traded up $0.04 on Monday, reaching $10.73. 44,627 shares of the company were exchanged, compared to its average volume of 87,893. Stora Enso Oyj has a 12 month low of $9.43 and a 12 month high of $15.29. The stock's fifty day moving average price is $10.64 and its 200 day moving average price is $11.21. The firm has a market capitalization of $8.46 billion, a PE ratio of -67.06 and a beta of 0.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.12 and a quick ratio of 0.83.

Stora Enso Oyj (OTCMKTS:SEOAY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported ($0.86) earnings per share for the quarter, missing analysts' consensus estimates of ($0.82) by ($0.04). Stora Enso Oyj had a negative return on equity of 3.97% and a negative net margin of 1.29%. On average, research analysts anticipate that Stora Enso Oyj will post 0.67 EPS for the current fiscal year.

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Stora Enso Oyj Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Monday, March 24th will be paid a dividend of $0.1348 per share. The ex-dividend date is Monday, March 24th. This is an increase from Stora Enso Oyj's previous dividend of $0.10. Stora Enso Oyj's payout ratio is currently -68.75%.

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.