Short Interest in Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Grows By 2,900.0%

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,110 shares, a growth of 2,900.0% from the July 30th total of 37 shares. Based on an average daily volume of 147 shares, the short-interest ratio is presently 7.6 days.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane began coverage on Svenska Cellulosa Aktiebolaget SCA (publ) in a report on Wednesday, June 10th. They set a “neutral” rating on the stock. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

Shares of OTCMKTS SCABY opened at C$12.02 on Thursday. Svenska Cellulosa Aktiebolaget SCA has a fifty-two week low of C$9.45 and a fifty-two week high of C$14.35. The company’s 50 day simple moving average is C$11.01 and its 200 day simple moving average is C$11.70.

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.