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

UPM-Kymmene Oyj (OTCMKTS:UPMMY) saw a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 5,300 shares, a growth of 20.5% from the May 15th total of 4,400 shares. Based on an average daily trading volume, of 23,400 shares, the days-to-cover ratio is currently 0.2 days.

UPM-Kymmene Oyj Trading Down 2.3 %

UPMMY opened at $34.94 on Monday. The company’s 50-day moving average price is $36.08 and its two-hundred day moving average price is $35.14. UPM-Kymmene Oyj has a twelve month low of $29.35 and a twelve month high of $38.81.

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.