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

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a large decline in short interest in 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 volume of 5,788 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane assumed coverage on 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 MarketBeat.com, Svenska Cellulosa Aktiebolaget SCA (publ) currently has an average rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

Shares of Svenska Cellulosa Aktiebolaget SCA (publ) stock remained flat at C$11.89 on Tuesday. 143 shares of the stock traded hands, compared to its average volume of 2,911. Svenska Cellulosa Aktiebolaget SCA has a 12-month low of C$9.45 and a 12-month high of C$14.35. The company’s 50-day simple moving average is C$10.81 and its 200-day simple moving average is C$11.78.

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.