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

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

UPM-Kymmene Oyj Stock Performance

Shares of UPMMY opened at $27.82 on Friday. UPM-Kymmene Oyj has a one year low of $25.95 and a one year high of $38.81. The company has a 50-day simple moving average of $27.91 and a two-hundred day simple moving average of $31.52.

UPM-Kymmene Oyj Announces Dividend

The firm also recently declared 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. The ex-dividend date was Wednesday, October 30th. This represents a yield of 2.42%.

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.