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

UPM-Kymmene Oyj (OTCMKTS:UPMMY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 9,300 shares, an increase of 1,228.6% from the November 30th total of 700 shares. Based on an average trading volume of 261,500 shares, the days-to-cover ratio is currently 0.0 days.

UPM-Kymmene Oyj Trading Up 0.7 %

Shares of OTCMKTS:UPMMY traded up $0.19 during trading on Friday, reaching $27.07. The stock had a trading volume of 135,136 shares, compared to its average volume of 43,450. UPM-Kymmene Oyj has a 52 week low of $25.95 and a 52 week high of $38.81. The firm’s fifty day moving average is $27.97 and its 200 day moving average is $31.58.

UPM-Kymmene Oyj Dividend Announcement

The business also recently declared an annual dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 31st were issued a dividend of $0.8112 per share. The ex-dividend date was Wednesday, October 30th. This represents a yield of 2.42%.

About UPM-Kymmene Oyj

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.