Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Rises By 1,072.5%

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 12,944 shares, an increase of 1,072.5% from the April 30th total of 1,104 shares. Based on an average daily trading volume, of 84,378 shares, the days-to-cover ratio is presently 0.2 days.

UPM-Kymmene Oyj Stock Up 1.7%

OTCMKTS:UPMMY traded up $0.50 during trading hours on Wednesday, hitting $29.68. 43,239 shares of the stock were exchanged, compared to its average volume of 55,979. The company’s 50 day moving average is $30.14 and its two-hundred day moving average is $29.42. UPM-Kymmene Oyj has a twelve month low of $25.11 and a twelve month high of $33.04.

About UPM-Kymmene Oyj

UPM-Kymmene Oyj, trading in the United States under the ticker UPMMY, is a Finland-based company operating in the forest industry with a broad portfolio of renewable and recyclable products. Established through the 1996 merger of Kymmene Corporation and Repola Ltd, UPM has developed from a traditional paper and pulp producer into a diversified bioeconomy leader. Headquartered in Helsinki, the company employs thousands of professionals worldwide and is led by President and CEO Jussi Pesonen, who has been at the helm since 2004.

UPM’s core operations span multiple business segments, including UPM Biorefining, which produces pulp, paper, and renewable energy; UPM Raflatac, specializing in self-adhesive label materials; and UPM Specialty Papers, offering coated and uncoated paper grades for commercial printing and industrial use.