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

Scatec ASA (OTCMKTS:STECF) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 103,500 shares, a decline of 56.6% from the December 31st total of 238,600 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Scatec ASA Stock Performance

Shares of OTCMKTS STECF remained flat at $5.88 during trading hours on Friday. Scatec ASA has a 12 month low of $5.88 and a 12 month high of $7.95. The stock’s 50 day moving average price is $5.88 and its 200-day moving average price is $5.88.

Scatec ASA Company Profile

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.