Essity AB (publ) (OTCMKTS:ETTYF) Sees Large Growth in Short Interest

Essity AB (publ) (OTCMKTS:ETTYF) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,182,410 shares, a growth of 199.5% from the June 30th total of 1,062,683 shares. Based on an average daily volume of 6,644 shares, the days-to-cover ratio is currently 479.0 days.

Essity AB (publ) Price Performance

Shares of ETTYF stock opened at $28.35 on Monday. The firm’s 50-day moving average is $27.45 and its two-hundred day moving average is $27.81. Essity AB has a 12 month low of $24.80 and a 12 month high of $29.99.

Essity AB (publ) Company Profile

Essity AB (publ) is a leading global hygiene and health company headquartered in Stockholm, Sweden. The firm was established as an independent entity in April 2017 following a demerger from Swedish forest products group SCA. Since its spin-off, Essity has focused on delivering innovative solutions in personal care, tissue, and professional hygiene, supported by a commitment to sustainability and responsible sourcing.

Essity operates through two primary business areas: Consumer Tissue and Personal Care.