Nel ASA (OTCMKTS:NLLSF) Short Interest Update

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

Nel ASA Stock Performance

OTCMKTS NLLSF remained flat at $0.23 on Tuesday. The company’s stock had a trading volume of 11,570 shares, compared to its average volume of 13,341. The firm has a fifty day simple moving average of $0.23 and a two-hundred day simple moving average of $0.23. Nel ASA has a one year low of $0.18 and a one year high of $0.34.

Nel ASA Company Profile

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.