Scatec ASA (OTCMKTS:STECF) Sees Large Decrease in Short Interest

Scatec ASA (OTCMKTS:STECF) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 89,700 shares, a drop of 23.5% from the March 15th total of 117,200 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 897.0 days.

Scatec ASA Price Performance

Shares of STECF opened at $7.65 on Friday. Scatec ASA has a 1 year low of $6.99 and a 1 year high of $7.65. The business’s 50 day simple moving average is $7.02 and its 200-day simple moving average is $6.27.

About Scatec ASA

Scatec ASA, together with its subsidiaries, provides renewable energy solutions worldwide. The company operates through Power Production; Services; and Development & Construction segments. It produces and sells solar, winds, and hydro generated electricity. The company also develops, builds, owns, and operates solar, wind, and hydro power plants and storage solutions.