Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Short Interest Up 2,900.0% in August

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABYGet Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,110 shares, a growth of 2,900.0% from the July 30th total of 37 shares. Based on an average daily volume of 147 shares, the short-interest ratio is currently 7.6 days.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas Exane assumed coverage on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research note on Wednesday, June 10th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Svenska Cellulosa Aktiebolaget SCA (publ) presently has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on SCABY

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

Shares of SCABY remained flat at C$12.02 during mid-day trading on Tuesday. The stock had a trading volume of 88 shares, compared to its average volume of 2,788. The stock has a 50 day simple moving average of C$10.97 and a 200 day simple moving average of C$11.71. Svenska Cellulosa Aktiebolaget SCA has a 52 week low of C$9.45 and a 52 week high of C$14.35.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

(Get Free Report)

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.

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