Scatec ASA (OTCMKTS:STECF) Sees Significant Growth in Short Interest

Scatec ASA (OTCMKTS:STECF) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 169,081 shares, an increase of 79.2% from the April 15th total of 94,330 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Scatec ASA Price Performance

STECF stock opened at $12.60 on Monday. Scatec ASA has a 1-year low of $9.40 and a 1-year high of $12.60. The stock’s fifty day simple moving average is $12.60 and its two-hundred day simple moving average is $11.68.

Scatec ASA Company Profile

Scatec ASA is a Norway-based renewable energy company that develops, builds, owns and operates utility-scale power plants worldwide. Founded in 2007 as Scatec Solar ASA, the company has broadened its portfolio beyond photovoltaic projects to include hydropower, onshore wind and energy storage solutions. Through end-to-end capabilities in project development, engineering, procurement and construction (EPC), as well as long-term operation and maintenance (O&M) services, Scatec delivers clean energy assets under fixed-price power purchase agreements (PPAs).

With a strategic focus on emerging and frontier markets, Scatec designs and executes projects across Africa, Asia, Latin America and Europe.