UPM-Kymmene Oyj (OTCMKTS:UPMMY) Short Interest Update

UPM-Kymmene Oyj (OTCMKTS:UPMMY) was the target of a large decrease in short interest in November. As of November 30th, there was short interest totalling 700 shares, a decrease of 98.3% from the November 15th total of 40,500 shares. Based on an average trading volume of 279,400 shares, the days-to-cover ratio is currently 0.0 days.

UPM-Kymmene Oyj Price Performance

UPMMY traded down $0.75 during midday trading on Friday, hitting $27.50. 114,648 shares of the company traded hands, compared to its average volume of 39,204. UPM-Kymmene Oyj has a 52 week low of $26.15 and a 52 week high of $38.81. The company’s 50-day moving average is $29.01 and its 200 day moving average is $32.34.

UPM-Kymmene Oyj Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Stockholders 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 dividend yield of 2.42%.

About UPM-Kymmene Oyj

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.