Short Interest in Scatec ASA (OTCMKTS:STECF) Declines By 22.5%

Scatec ASA (OTCMKTS:STECF) saw a significant decline in short interest in April. As of April 15th, there was short interest totaling 94,330 shares, a decline of 22.5% from the March 31st total of 121,784 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ? days.

Scatec ASA Price Performance

Shares of OTCMKTS:STECF remained flat at $12.60 during midday trading on Thursday. The company has a 50-day moving average of $12.60 and a two-hundred day moving average of $11.55. Scatec ASA has a 52-week low of $9.40 and a 52-week high of $12.60.

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.