Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) Sees Significant Drop in Short Interest

Svenska Cellulosa Aktiebolaget SCA (publ) (OTCMKTS:SVCBF) was the target of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 4,759,900 shares, a decrease of 28.5% from the October 15th total of 6,658,900 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 47,599.0 days.

Svenska Cellulosa Aktiebolaget SCA (publ) Price Performance

OTCMKTS SVCBF traded down $0.83 during trading on Friday, reaching $12.50. The company’s stock had a trading volume of 400 shares, compared to its average volume of 1,031. The firm has a fifty day moving average of $13.39 and a 200 day moving average of $13.88. Svenska Cellulosa Aktiebolaget SCA has a one year low of $12.50 and a one year high of $15.40.

About Svenska Cellulosa Aktiebolaget SCA (publ)

Svenska Cellulosa Aktiebolaget SCA (publ), a forest products company, develops, manufactures, and sells forest, wood, pulp, and containerboard products in Sweden, the United States, Germany, the United Kingdom, rest of Europe, Asia, and internationally. It operates through five segments: Forest, Wood, Pulp, Containerboard, and Renewable Energy.