Nel ASA (OTCMKTS:NLLSF – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 930,162 shares, a drop of 48.3% from the August 15th total of 1,797,460 shares. Based on an average daily volume of 6,345 shares, the days-to-cover ratio is currently 146.6 days.
Nel ASA Stock Performance
Shares of Nel ASA stock opened at $0.18 on Thursday. The business’s 50 day moving average price is $0.19 and its 200 day moving average price is $0.24. Nel ASA has a one year low of $0.05 and a one year high of $0.43.
Nel ASA Company Profile
Nel ASA (OTCMKTS:NLLSF) is a Norwegian company specializing in hydrogen production and distribution solutions. The company develops and manufactures water electrolysers and hydrogen fueling stations designed to enable a scalable hydrogen infrastructure for industrial, energy and mobility applications. With a focus on green hydrogen, Nel ASA supports the transition to cleaner energy by providing technology that produces hydrogen through electrolysis powered by renewable electricity.
Nel’s product portfolio includes both alkaline and proton exchange membrane (PEM) electrolysers, catering to a variety of capacity and purity requirements.
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