Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Sees Large Increase in Short Interest

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 1,110 shares, an increase of 2,900.0% from the July 30th total of 37 shares. Based on an average daily volume of 147 shares, the short-interest ratio is presently 7.6 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane began coverage on Svenska Cellulosa Aktiebolaget SCA (publ) in a research note on Wednesday, June 10th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

Shares of Svenska Cellulosa Aktiebolaget SCA (publ) stock remained flat at C$12.02 during trading on Tuesday. 88 shares of the company were exchanged, compared to its average volume of 2,788. Svenska Cellulosa Aktiebolaget SCA has a 52 week low of C$9.45 and a 52 week high of C$14.35. The company has a fifty day moving average price of C$10.97 and a 200 day moving average price of C$11.71.

About Svenska Cellulosa Aktiebolaget SCA (publ)

Svenska Cellulosa Aktiebolaget SCA (publ) is a Sweden?based forestry and paper products company whose American depositary shares trade over the counter under the symbol SCABY. The company’s core operations encompass sustainable forest management, pulp production and the manufacture of renewable packaging materials. SCA positions itself as a provider of high?quality containerboard, corrugated packaging solutions and market pulp, serving a range of industries from food and beverage to e-commerce logistics.

SCA manages one of Europe’s largest private forest estates, principally located in northern Sweden, where it applies certified sustainable practices to balance wood production, biodiversity and carbon sequestration.