Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Expands By 516.1%

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 57,300 shares, an increase of 516.1% from the December 15th total of 9,300 shares. Based on an average daily volume of 331,900 shares, the short-interest ratio is currently 0.2 days.

UPM-Kymmene Oyj Stock Performance

UPM-Kymmene Oyj stock traded down $0.25 during midday trading on Tuesday, hitting $27.56. 303,329 shares of the company were exchanged, compared to its average volume of 188,812. UPM-Kymmene Oyj has a fifty-two week low of $25.95 and a fifty-two week high of $38.81. The company’s fifty day moving average price is $27.37 and its 200-day moving average price is $30.86.

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.