UPM-Kymmene Oyj (OTCMKTS:UPMMY – Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 42,798 shares, an increase of 79.3% from the August 31st total of 23,870 shares. Based on an average trading volume of 74,831 shares, the days-to-cover ratio is presently 0.6 days.
UPM-Kymmene Oyj Trading Down 1.5%
Shares of UPM-Kymmene Oyj stock traded down $0.45 during trading hours on Tuesday, reaching $28.37. 4,004 shares of the stock traded hands, compared to its average volume of 68,394. UPM-Kymmene Oyj has a one year low of $25.11 and a one year high of $33.04. The company has a 50 day moving average price of $27.83 and a 200 day moving average price of $28.62.
About UPM-Kymmene Oyj
UPM-Kymmene Oyj is a Finnish bioeconomy company that develops and manufactures renewable, fiber-based products. Its portfolio includes pulp, timber, papers, plywood, label materials, specialty papers, energy, biofuels and emerging biochemical products. The company serves customers in the packaging, publishing, retail, construction, transportation and energy industries.
UPM’s businesses include UPM Fibres, which produces pulp and sawn timber; UPM Communication Papers; UPM Specialty Papers; UPM Raflatac, a supplier of self-adhesive label materials; UPM Plywood; and UPM Energy.
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