Short Interest in Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Declines By 35.0%

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a large decline in short interest in April. As of April 30th, there was short interest totaling 26 shares, a decline of 35.0% from the April 15th total of 40 shares. Based on an average daily trading volume, of 25 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Separately, Citigroup reissued a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

OTCMKTS SCABY remained flat at C$12.13 on Monday. The stock’s 50 day moving average is C$12.10 and its 200 day moving average is C$12.48. Svenska Cellulosa Aktiebolaget SCA has a 1 year low of C$10.72 and a 1 year high of C$14.60.

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.