Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Short Interest Down 47.0% in August

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) saw a significant decline in short interest in August. As of August 31st, there was short interest totaling 588 shares, a decline of 47.0% from the August 15th total of 1,110 shares. Based on an average daily volume of 336 shares, the days-to-cover ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

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

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

Shares of Svenska Cellulosa Aktiebolaget SCA (publ) stock opened at C$11.27 on Wednesday. The business’s 50-day moving average price is C$11.40 and its 200-day moving average price is C$11.59. Svenska Cellulosa Aktiebolaget SCA has a 12 month low of C$9.45 and a 12 month high of C$14.35.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

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.