Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Short Interest Up 150.1% in July

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 8,147 shares, an increase of 150.1% from the June 30th total of 3,257 shares. Based on an average daily trading volume, of 9,111 shares, the short-interest ratio is presently 0.9 days.

Analyst Ratings Changes

Separately, BNP Paribas Exane began 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, Svenska Cellulosa Aktiebolaget SCA (publ) currently has a consensus rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

Svenska Cellulosa Aktiebolaget SCA (publ) stock opened at C$11.47 on Thursday. The firm’s 50 day moving average price is C$10.85 and its two-hundred day moving average price is C$11.84. Svenska Cellulosa Aktiebolaget SCA has a twelve month low of C$9.45 and a twelve month high of C$14.60.

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.