Short Interest in Nel ASA (OTCMKTS:NLLSF) Decreases By 64.0%

Nel ASA (OTCMKTS:NLLSF – Get Free Report) saw a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,079,236 shares, a decrease of 64.0% from the May 31st total of 2,999,461 shares. Based on an average daily trading volume, of 21,226 shares, the days-to-cover ratio is presently 50.8 days.

Nel ASA Price Performance

Shares of Nel ASA stock opened at $0.23 on Friday. Nel ASA has a 12-month low of $0.18 and a 12-month high of $0.43. The company’s fifty day simple moving average is $0.31 and its two-hundred day simple moving average is $0.26.

Nel ASA Company Profile

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Nel ASA (OTCMKTS:NLLSF) is a Norwegian company specializing in hydrogen production and distribution solutions. The company develops and manufactures water electrolysers and hydrogen fueling stations designed to enable a scalable hydrogen infrastructure for industrial, energy and mobility applications. With a focus on green hydrogen, Nel ASA supports the transition to cleaner energy by providing technology that produces hydrogen through electrolysis powered by renewable electricity.

Nel’s product portfolio includes both alkaline and proton exchange membrane (PEM) electrolysers, catering to a variety of capacity and purity requirements.

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