Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Short Interest Up ? in May

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 12,884 shares, a growth of ? from the May 14th total of 0 shares. Based on an average daily volume of 6,467 shares, the short-interest ratio is presently 2.0 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

SCABY stock opened at C$11.23 on Friday. The company has a fifty day moving average price of C$11.77 and a two-hundred day moving average price of C$12.25. Svenska Cellulosa Aktiebolaget SCA has a one year low of C$10.00 and a one year high of C$14.60.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane assumed coverage on Svenska Cellulosa Aktiebolaget SCA (publ) in a research report on Wednesday. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

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.