Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) Stock Short Interest Report for October

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 1,276 shares, a growth of 86.8% from the September 30th total of 683 shares. Based on an average daily volume of 216 shares, the short-interest ratio is currently 5.9 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

Shares of Svenska Cellulosa Aktiebolaget SCA (publ) stock opened at C$12.40 on Friday. The stock has a 50-day simple moving average of C$12.45 and a 200-day simple moving average of C$11.97. Svenska Cellulosa Aktiebolaget SCA has a 52-week low of C$9.45 and a 52-week high of C$14.35.

Analyst Ratings Changes

Several research analysts have weighed in on SCABY shares. Jefferies Financial Group lowered shares of Svenska Cellulosa Aktiebolaget SCA (publ) to a “hold” rating in a research note on Monday, October 26th. Pareto Securities lowered shares of Svenska Cellulosa Aktiebolaget SCA (publ) to a “hold” rating in a research note on Sunday, October 25th. Four investment analysts have rated the stock with a Hold rating. According to MarketBeat, Svenska Cellulosa Aktiebolaget SCA (publ) has a consensus rating of “Hold”.

Svenska Cellulosa Aktiebolaget SCA (publ) Company Profile

Svenska Cellulosa Aktiebolaget SCA (publ) is a Swedish forest industry company focused on managing forest assets and producing renewable, forest-based products. Headquartered in Sundsvall, Sweden, SCA owns and manages extensive forestland in northern Sweden and works across the forest value chain, from timber harvesting and wood supply to manufacturing and renewable energy production.

The company’s principal activities include the production and sale of sawn wood products, kraftliner and other containerboard materials, pulp, and solid biofuels such as wood pellets.