What’s in UPM-KYMMENE OYJ (OTCMKTS:UPMKY) After Decline in Shorted Shares?

March 14, 2018 - By Stephen Andrade

The stock of UPM-KYMMENE OYJ (OTCMKTS:UPMKY) registered a decrease of 28.38% in short interest. UPMKY’s total short interest was 5,300 shares in March as published by FINRA. Its down 28.38% from 7,400 shares, reported previously. With 14,600 shares average volume, it will take short sellers 0 days to cover their UPMKY’s short positions.

The stock increased 0.96% or $0.34 during the last trading session, reaching $35.66. About 8,808 shares traded or 6.92% up from the average. UPM-Kymmene Oyj (OTCMKTS:UPMKY) has 0.00% since March 14, 2017 and is . It has underperformed by 16.70% the S&P500.

UPM-Kymmene Oyj operates in the forest bio industry. The company has market cap of $19.23 billion. It operates through UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA, UPM Plywood, and Other Operations divisions. It has a 15.79 P/E ratio. The firm provides eucalyptus, birch, and softwood pulp grades for tissue, specialty, graphic papers, and packaging; wood renewable diesel and naphtha for fuel distributors and transportation industries; and sawn timber for joinery, packaging, distribution, and construction industries.

More news for UPM-Kymmene Oyj (OTCMKTS:UPMKY) were recently published by: Marketwatch.com, which released: “HCL Technologies gets $300M 5-year UPM order” on March 07, 2012. Globenewswire.com‘s article titled: “UPM continues developing Pulp Business by investing in efficiency and …” and published on June 20, 2017 is yet another important article.

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