Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Drops By 62.3%

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 2,000 shares, a decline of 62.3% from the May 31st total of 5,300 shares. Based on an average daily volume of 32,800 shares, the short-interest ratio is currently 0.1 days.

UPM-Kymmene Oyj Price Performance

OTCMKTS UPMMY opened at $35.35 on Friday. The business has a 50 day simple moving average of $36.43 and a 200 day simple moving average of $35.17. UPM-Kymmene Oyj has a 52-week low of $29.35 and a 52-week 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.