Scatec ASA (OTCMKTS:STECF) Sees Significant Increase in Short Interest

Scatec ASA (OTCMKTS:STECF) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 114,600 shares, a growth of 69.0% from the February 13th total of 67,800 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 1,146.0 days.

Scatec ASA Price Performance

Scatec ASA stock opened at $6.99 on Monday. The business’s fifty day simple moving average is $6.24 and its two-hundred day simple moving average is $6.01. Scatec ASA has a 12 month low of $5.88 and a 12 month high of $7.95.

Scatec ASA Company Profile

Scatec ASA, together with its subsidiaries, provides renewable energy solutions worldwide. The company operates through Power Production; Services; and Development & Construction segments. It produces and sells solar, winds, and hydro generated electricity. The company also develops, builds, owns, and operates solar, wind, and hydro power plants and storage solutions.