Short Interest in Nel ASA (OTCMKTS:NLLSF) Drops By 31.2%

Nel ASA (OTCMKTS:NLLSF) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 14,059,000 shares, a drop of 31.2% from the February 13th total of 20,431,200 shares. Based on an average daily volume of 61,600 shares, the days-to-cover ratio is currently 228.2 days.

Nel ASA Stock Performance

Shares of OTCMKTS:NLLSF opened at $0.27 on Friday. Nel ASA has a 12-month low of $0.18 and a 12-month high of $0.87. The business has a 50 day moving average of $0.22 and a 200-day moving average of $0.32.

About Nel ASA

Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment manufactures hydrogen fueling stations for fuel cell electric vehicles, such as cars, buses, trucks, and other on-road vehicles.