Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Short Interest Up 150.1% in July

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 8,147 shares, a growth of 150.1% from the June 30th total of 3,257 shares. Based on an average daily trading volume, of 9,111 shares, the short-interest ratio is presently 0.9 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Trading Up 8.0%

OTCMKTS:SCABY opened at C$11.47 on Tuesday. The company’s 50-day moving average is C$10.83 and its two-hundred day moving average is C$11.85. Svenska Cellulosa Aktiebolaget SCA has a 1-year low of C$9.45 and a 1-year high of C$14.60.

Wall Street Analyst Weigh In

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 for the company. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

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.