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

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

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

Shares of Svenska Cellulosa Aktiebolaget SCA (publ) stock opened at C$12.13 on Tuesday. The business’s fifty day moving average price is C$12.13 and its 200 day moving average price is C$12.47. Svenska Cellulosa Aktiebolaget SCA has a twelve month low of C$10.72 and a twelve month high of C$14.60.

Analysts Set New Price Targets

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