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

Scatec ASA (OTCMKTS:STECF) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 20,965 shares, an increase of 26.1% from the November 30th total of 16,625 shares. Based on an average daily volume of 18 shares, the short-interest ratio is presently 1,164.7 days. Based on an average daily volume of 18 shares, the short-interest ratio is presently 1,164.7 days.

Scatec ASA Price Performance

STECF stock opened at $9.40 on Friday. Scatec ASA has a 1 year low of $9.40 and a 1 year high of $10.89. The firm has a 50-day moving average of $10.29 and a 200 day moving average of $9.29.

Scatec ASA Company Profile

Scatec ASA is a Norway-based renewable energy company that develops, builds, owns and operates utility-scale power plants worldwide. Founded in 2007 as Scatec Solar ASA, the company has broadened its portfolio beyond photovoltaic projects to include hydropower, onshore wind and energy storage solutions. Through end-to-end capabilities in project development, engineering, procurement and construction (EPC), as well as long-term operation and maintenance (O&M) services, Scatec delivers clean energy assets under fixed-price power purchase agreements (PPAs).

With a strategic focus on emerging and frontier markets, Scatec designs and executes projects across Africa, Asia, Latin America and Europe.