Swedish Match AB (publ) (OTCMKTS:SWMAF) Short Interest Down 82.9% in May

Swedish Match AB (publ) (OTCMKTS:SWMAF) was the recipient of a significant decline in short interest during the month of May. As of May 28th, there was short interest totalling 3,027,000 shares, a decline of 82.9% from the May 13th total of 17,670,200 shares. Based on an average daily volume of 7,400 shares, the days-to-cover ratio is presently 409.1 days.

SWMAF stock traded up $0.64 during trading on Friday, hitting $9.79. 300 shares of the company’s stock were exchanged, compared to its average volume of 8,624. The firm’s 50-day moving average price is $46.16. Swedish Match AB has a 52-week low of $6.68 and a 52-week high of $9.85.

About Swedish Match AB (publ)

Swedish Match AB (publ) develops, manufactures, markets, and sells snus and moist snuff, lights, and other tobacco products in Scandinavia, the United States, and internationally. The company operates through Smokefree, Cigars, and Lights segments. It provides snus and pouch products, nicotine pouches, and moist snuff under the General, Göteborgs Rapé, Kaliber, Kronan, Ettan, Grov, Catch, G.3, The Lab, Nick & Johnny, ZYN, G.4, Onico, Longhorn, and Timber Wolf brand names.

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