Nel ASA (OTCMKTS:NLLSF) Short Interest Down 18.4% in February

Nel ASA (OTCMKTS:NLLSF) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 9,221,346 shares, a decline of 18.4% from the January 29th total of 11,300,550 shares. Based on an average trading volume of 17,005 shares, the short-interest ratio is currently 542.3 days. Based on an average trading volume of 17,005 shares, the short-interest ratio is currently 542.3 days.

Nel ASA Price Performance

NLLSF opened at $0.22 on Thursday. The company’s 50 day simple moving average is $0.23 and its 200-day simple moving average is $0.23. Nel ASA has a one year low of $0.18 and a one year high of $0.34.

About Nel ASA

Nel ASA (OTCMKTS:NLLSF) is a Norwegian company specializing in hydrogen production and distribution solutions. The company develops and manufactures water electrolysers and hydrogen fueling stations designed to enable a scalable hydrogen infrastructure for industrial, energy and mobility applications. With a focus on green hydrogen, Nel ASA supports the transition to cleaner energy by providing technology that produces hydrogen through electrolysis powered by renewable electricity.

Nel’s product portfolio includes both alkaline and proton exchange membrane (PEM) electrolysers, catering to a variety of capacity and purity requirements.