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

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 588 shares, a drop of 47.0% from the August 15th total of 1,110 shares. Based on an average daily volume of 336 shares, the short-interest ratio is currently 1.8 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane started coverage on Svenska Cellulosa Aktiebolaget SCA (publ) in a research note on Wednesday, June 10th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

OTCMKTS SCABY opened at C$11.27 on Tuesday. The firm’s 50 day simple moving average is C$11.38 and its 200 day simple moving average is C$11.60. Svenska Cellulosa Aktiebolaget SCA has a 1 year low of C$9.45 and a 1 year high of C$14.35.

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.