Short Interest in Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Drops By 85.5%

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,862 shares, a decline of 85.5% from the May 31st total of 12,884 shares. Based on an average daily volume of 5,447 shares, the short-interest ratio is currently 0.3 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

Shares of Svenska Cellulosa Aktiebolaget SCA (publ) stock traded up C$0.84 on Friday, hitting C$10.92. The stock had a trading volume of 907 shares, compared to its average volume of 2,465. Svenska Cellulosa Aktiebolaget SCA has a twelve month low of C$9.72 and a twelve month high of C$14.60. The business’s 50 day moving average is C$11.44 and its two-hundred day moving average is C$12.11.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane assumed coverage on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research note on Wednesday, June 10th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

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.