Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Short Interest Update

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 588 shares, a drop of 47.0% from the August 15th total of 1,110 shares. Based on an average trading volume of 336 shares, the days-to-cover ratio is currently 1.8 days.

Wall Street Analyst Weigh In

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

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

Shares of OTCMKTS:SCABY remained flat at C$13.53 during trading on Thursday. 27,855 shares of the stock traded hands, compared to its average volume of 3,002. 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 50 day simple moving average of C$11.47 and a 200-day simple moving average of C$11.59.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

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.