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Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 1,862 shares, a decline of 85.5% from the May 31st total of 12,884 shares. Based on an average daily volume of 5,447 shares, the short-interest ratio is presently 0.3 days.
Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance
Shares of SCABY opened at C$10.08 on Friday. Svenska Cellulosa Aktiebolaget SCA has a one year low of C$9.72 and a one year high of C$14.60. The stock has a 50-day moving average price of C$11.47 and a 200 day moving average price of C$12.12.
Analyst Upgrades and Downgrades
Separately, BNP Paribas Exane initiated coverage on shares of Svenska Cellulosa Aktiebolaget SCA (publ) in a report on Wednesday, June 10th. They set a “neutral” rating for the company. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.
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.
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