Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Sees Significant Growth in Short Interest

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the target of a significant growth in short interest in 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.

Analysts Set New Price Targets

Separately, BNP Paribas Exane initiated coverage on Svenska Cellulosa Aktiebolaget SCA (publ) in a research note on Wednesday, June 10th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Svenska Cellulosa Aktiebolaget SCA (publ) currently has an average rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

Shares of OTCMKTS SCABY opened at C$12.02 on Wednesday. The firm has a fifty day moving average price of C$11.00 and a 200-day moving average price of C$11.70. Svenska Cellulosa Aktiebolaget SCA has a 1 year low of C$9.45 and a 1 year high of C$14.35.

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.