Short Interest in Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Expands By 150.1%

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 8,147 shares, a growth of 150.1% from the June 30th total of 3,257 shares. Based on an average trading volume of 9,111 shares, the days-to-cover ratio is currently 0.9 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

OTCMKTS:SCABY opened at C$11.47 on Wednesday. The firm has a 50 day simple moving average of C$10.82 and a 200-day simple moving average of C$11.84. Svenska Cellulosa Aktiebolaget SCA has a 1-year low of C$9.45 and a 1-year high of C$14.60.

Analysts Set New Price Targets

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 on the stock. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, Svenska Cellulosa Aktiebolaget SCA (publ) has an average 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.