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

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SCABY) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,862 shares, a decrease of 85.5% from the May 31st total of 12,884 shares. Based on an average trading volume of 5,447 shares, the short-interest ratio is currently 0.3 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Stock Performance

Shares of OTCMKTS SCABY opened at C$10.08 on Friday. The stock’s 50 day moving average price is C$11.47 and its two-hundred day moving average price is C$12.12. Svenska Cellulosa Aktiebolaget SCA has a 52-week low of C$9.72 and a 52-week high of C$14.60.

Analyst Ratings Changes

Separately, BNP Paribas Exane began 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 equities research analysts have rated the stock with a Hold rating, According to 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.