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

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 37 shares, a decline of 99.5% from the July 15th total of 8,147 shares. Based on an average daily trading volume, of 5,788 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

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

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

OTCMKTS:SCABY remained flat at C$11.89 during trading hours on Tuesday. 143 shares of the company were exchanged, compared to its average volume of 2,911. The firm’s 50-day moving average price is C$10.81 and its 200-day moving average price is C$11.78. Svenska Cellulosa Aktiebolaget SCA has a one year low of C$9.45 and a one 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.