UPM-Kymmene Oyj (OTCMKTS:UPMMY) Sees Significant Drop in Short Interest

UPM-Kymmene Oyj (OTCMKTS:UPMMY) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 3,100 shares, a decline of 75.0% from the August 15th total of 12,400 shares. Based on an average daily trading volume, of 44,400 shares, the short-interest ratio is currently 0.1 days.

UPM-Kymmene Oyj Price Performance

Shares of UPMMY stock traded down $0.13 during trading hours on Thursday, reaching $31.86. The company had a trading volume of 40,671 shares, compared to its average volume of 25,052. The stock has a fifty day moving average of $33.24 and a 200-day moving average of $34.40. UPM-Kymmene Oyj has a 12-month low of $30.30 and a 12-month high of $38.81.

UPM-Kymmene Oyj Company Profile

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.