UPM-Kymmene Oyj (OTCMKTS:UPMMY) Sees Large Increase in Short Interest

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 4,600 shares, a growth of 318.2% from the February 13th total of 1,100 shares. Based on an average daily trading volume, of 96,800 shares, the days-to-cover ratio is presently 0.0 days.

UPM-Kymmene Oyj Price Performance

OTCMKTS UPMMY opened at $29.90 on Friday. UPM-Kymmene Oyj has a one year low of $25.95 and a one year high of $38.81. The company’s 50-day simple moving average is $29.22 and its two-hundred day simple moving average is $29.66.

UPM-Kymmene Oyj Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Monday, March 31st will be given a dividend of $0.7745 per share. The ex-dividend date is Monday, March 31st.

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.