Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Short Interest Down 99.5% in July

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 37 shares, a decline of 99.5% from the July 15th total of 8,147 shares. Based on an average daily volume of 5,788 shares, the days-to-cover ratio is presently 0.0 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

Shares of OTCMKTS SCABY opened at C$11.89 on Wednesday. Svenska Cellulosa Aktiebolaget SCA has a 1 year low of C$9.45 and a 1 year high of C$14.35. The stock has a fifty day moving average price of C$10.81 and a two-hundred day moving average price of C$11.78.

Analyst Ratings Changes

Separately, BNP Paribas Exane initiated coverage on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a research report on Wednesday, June 10th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus 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.