Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Short Interest Up ∞ in May

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 12,884 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 6,467 shares, the short-interest ratio is presently 2.0 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

Shares of SCABY opened at C$11.23 on Friday. Svenska Cellulosa Aktiebolaget SCA has a 52-week low of C$10.00 and a 52-week high of C$14.60. The business’s fifty day moving average is C$11.77 and its 200-day moving average is C$12.25.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane started coverage on Svenska Cellulosa Aktiebolaget SCA (publ) in a report on Wednesday. They set a “neutral” rating for the company. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.