Nel ASA (OTCMKTS:NLLSF) Sees Large Drop in Short Interest

Nel ASA (OTCMKTS:NLLSF) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 22,455,100 shares, a drop of 19.2% from the November 15th total of 27,805,700 shares. Based on an average trading volume of 80,000 shares, the days-to-cover ratio is currently 280.7 days.

Nel ASA Stock Down 1.7 %

Shares of OTCMKTS NLLSF traded down $0.00 during midday trading on Monday, reaching $0.28. 16,300 shares of the company traded hands, compared to its average volume of 32,446. The stock’s 50-day simple moving average is $0.35 and its 200-day simple moving average is $0.48. Nel ASA has a 12 month low of $0.26 and a 12 month high of $0.87.

Nel ASA Company Profile

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.