Nel ASA (OTCMKTS:NLLSF – Get Free Report) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 1,079,236 shares, a decline of 64.0% from the May 31st total of 2,999,461 shares. Based on an average daily volume of 21,226 shares, the days-to-cover ratio is currently 50.8 days.
Nel ASA Stock Performance
Nel ASA stock traded up $0.01 during midday trading on Monday, reaching $0.24. 1,550 shares of the stock traded hands, compared to its average volume of 37,070. The company has a 50-day simple moving average of $0.31 and a two-hundred day simple moving average of $0.26. Nel ASA has a 12-month low of $0.18 and a 12-month high of $0.43.
About Nel ASA
Nel ASA (OTCMKTS:NLLSF) is a Norwegian company specializing in hydrogen production and distribution solutions. The company develops and manufactures water electrolysers and hydrogen fueling stations designed to enable a scalable hydrogen infrastructure for industrial, energy and mobility applications. With a focus on green hydrogen, Nel ASA supports the transition to cleaner energy by providing technology that produces hydrogen through electrolysis powered by renewable electricity.
Nel’s product portfolio includes both alkaline and proton exchange membrane (PEM) electrolysers, catering to a variety of capacity and purity requirements.
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