Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Short Interest Down 35.0% in April

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 26 shares, a drop of 35.0% from the April 15th total of 40 shares. Based on an average trading volume of 25 shares, the short-interest ratio is presently 1.0 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

Shares of OTCMKTS SCABY remained flat at C$12.13 during trading hours on Monday. The firm has a 50 day simple moving average of C$12.10 and a two-hundred day simple moving average of C$12.48. Svenska Cellulosa Aktiebolaget SCA has a 1 year low of C$10.72 and a 1 year high of C$14.60.

Analysts Set New Price Targets

Separately, Citigroup reissued a “neutral” rating on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company 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.