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

Scatec ASA (OTCMKTS:STECF) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 110,300 shares, a growth of 23.0% from the March 31st total of 89,700 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 1,103.0 days.

Scatec ASA Price Performance

Shares of OTCMKTS:STECF opened at $7.65 on Friday. Scatec ASA has a one year low of $6.99 and a one year high of $7.65. The firm has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $6.40.

Scatec ASA Company Profile

Scatec ASA, together with its subsidiaries, provides renewable energy solutions worldwide. The company operates through Power Production; Services; and Development & Construction segments. It produces and sells solar, winds, and hydro generated electricity. The company also develops, builds, owns, and operates solar, wind, and hydro power plants and storage solutions.