Nel ASA (OTCMKTS:NLLSF) Sees Significant Decrease in Short Interest

Nel ASA (OTCMKTS:NLLSF) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 14,059,000 shares, a decline of 31.2% from the February 13th total of 20,431,200 shares. Based on an average daily trading volume, of 61,600 shares, the days-to-cover ratio is currently 228.2 days.

Nel ASA Trading Up 24.1 %

Shares of OTCMKTS NLLSF traded up $0.06 on Monday, reaching $0.33. 62,680 shares of the company traded hands, compared to its average volume of 36,173. The company has a 50 day moving average of $0.22 and a 200 day moving average of $0.32. Nel ASA has a fifty-two week low of $0.18 and a fifty-two week high of $0.87.

About Nel ASA

Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment manufactures hydrogen fueling stations for fuel cell electric vehicles, such as cars, buses, trucks, and other on-road vehicles.