Short Interest in Scatec ASA (OTCMKTS:STECF) Increases By 58.6%

Scatec ASA (OTCMKTS:STECF) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 132,016 shares, an increase of 58.6% from the February 12th total of 83,252 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Scatec ASA Stock Performance

Shares of STECF opened at $12.60 on Friday. The business’s 50-day moving average is $12.28 and its 200-day moving average is $10.91. Scatec ASA has a fifty-two week low of $9.40 and a fifty-two week high of $12.60.

Scatec ASA Company Profile

Scatec ASA is a Norway-based renewable energy company that develops, builds, owns and operates utility-scale power plants worldwide. Founded in 2007 as Scatec Solar ASA, the company has broadened its portfolio beyond photovoltaic projects to include hydropower, onshore wind and energy storage solutions. Through end-to-end capabilities in project development, engineering, procurement and construction (EPC), as well as long-term operation and maintenance (O&M) services, Scatec delivers clean energy assets under fixed-price power purchase agreements (PPAs).

With a strategic focus on emerging and frontier markets, Scatec designs and executes projects across Africa, Asia, Latin America and Europe.