Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Stock Short Interest Report for October

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,276 shares, an increase of 86.8% from the September 30th total of 683 shares. Based on an average daily volume of 216 shares, the days-to-cover ratio is presently 5.9 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

SCABY remained flat at C$12.40 during trading on Monday. 12 shares of the company’s stock were exchanged, compared to its average volume of 2,994. The firm has a fifty day moving average of C$12.45 and a 200 day moving average of C$11.97. Svenska Cellulosa Aktiebolaget SCA has a 1 year low of C$9.45 and a 1 year high of C$14.35.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Pareto Securities downgraded shares of Svenska Cellulosa Aktiebolaget SCA (publ) to a “hold” rating in a report on Sunday, October 25th. Jefferies Financial Group lowered shares of Svenska Cellulosa Aktiebolaget SCA (publ) to a “hold” rating in a research report on Monday, October 26th. Four research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Svenska Cellulosa Aktiebolaget SCA (publ) currently has a consensus rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

Svenska Cellulosa Aktiebolaget SCA (publ) is a Swedish forest industry company focused on managing forest assets and producing renewable, forest-based products. Headquartered in Sundsvall, Sweden, SCA owns and manages extensive forestland in northern Sweden and works across the forest value chain, from timber harvesting and wood supply to manufacturing and renewable energy production.

The company’s principal activities include the production and sale of sawn wood products, kraftliner and other containerboard materials, pulp, and solid biofuels such as wood pellets.