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

Nel ASA (OTCMKTS:NLLSF) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 14,059,000 shares, a decline 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 presently 228.2 days.

Nel ASA Trading Up 24.1 %

Shares of NLLSF opened at $0.33 on Tuesday. The stock has a fifty day moving average price of $0.22 and a two-hundred day moving average price of $0.32. Nel ASA has a 52-week low of $0.18 and a 52-week high of $0.87.

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.