Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Sees Significant Growth in Short Interest

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 683 shares, a growth of 68.2% from the September 15th total of 406 shares. Based on an average daily volume of 5,158 shares, the days-to-cover ratio is currently 0.1 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

Shares of Svenska Cellulosa Aktiebolaget SCA (publ) stock opened at C$12.15 on Friday. Svenska Cellulosa Aktiebolaget SCA has a 12-month low of C$9.45 and a 12-month high of C$14.35. The business’s 50 day moving average is C$12.33 and its 200-day moving average is C$11.68.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

Svenska Cellulosa Aktiebolaget SCA (publ) is a Swedish forest industry company focused on managing forest assets and producing renewable, forest-based products. Headquartered in Sundsvall, Sweden, SCA owns and manages extensive forestland in northern Sweden and works across the forest value chain, from timber harvesting and wood supply to manufacturing and renewable energy production.

The company’s principal activities include the production and sale of sawn wood products, kraftliner and other containerboard materials, pulp, and solid biofuels such as wood pellets.