Short Interest in UPM-Kymmene Oyj (OTCMKTS:UPMMY) Increases By 318.2%

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

UPM-Kymmene Oyj Stock Performance

Shares of OTCMKTS:UPMMY opened at $29.97 on Thursday. The stock’s fifty day simple moving average is $29.14 and its two-hundred day simple moving average is $29.69. UPM-Kymmene Oyj has a 1-year low of $25.95 and a 1-year high of $38.81.

UPM-Kymmene Oyj Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Monday, March 31st will be paid a dividend of $0.7745 per share. The ex-dividend date of this dividend 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.