UPM-Kymmene Oyj (OTCMKTS:UPMMY) Short Interest Up 1,228.6% in December

UPM-Kymmene Oyj (OTCMKTS:UPMMY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 9,300 shares, an increase of 1,228.6% from the November 30th total of 700 shares. Based on an average daily trading volume, of 261,500 shares, the short-interest ratio is currently 0.0 days.

UPM-Kymmene Oyj Stock Up 0.7 %

OTCMKTS UPMMY traded up $0.19 during midday trading on Thursday, hitting $27.07. 135,136 shares of the company traded hands, compared to its average volume of 43,450. UPM-Kymmene Oyj has a 52 week low of $25.95 and a 52 week high of $38.81. The company’s 50-day simple moving average is $27.97 and its 200-day simple moving average is $31.58.

UPM-Kymmene Oyj Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 31st were given a dividend of $0.8112 per share. This represents a yield of 2.42%. The ex-dividend date was Wednesday, October 30th.

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.