Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Short Interest Update

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 3,257 shares, an increase of 74.9% from the June 15th total of 1,862 shares. Based on an average daily trading volume, of 3,029 shares, the short-interest ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

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

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

Svenska Cellulosa Aktiebolaget SCA (publ) stock opened at C$10.42 on Friday. The business’s fifty day moving average is C$10.99 and its two-hundred day moving average is C$11.92. Svenska Cellulosa Aktiebolaget SCA has a 52 week low of C$9.45 and a 52 week high of C$14.60.

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.