Short Interest in Nel ASA (OTCMKTS:NLLSF) Rises By 24.1%

Nel ASA (OTCMKTS:NLLSF) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 36,443,800 shares, an increase of 24.1% from the May 15th total of 29,377,400 shares. Based on an average daily volume of 123,100 shares, the days-to-cover ratio is presently 296.1 days.

Nel ASA Trading Down 12.7 %

Shares of OTCMKTS NLLSF opened at $0.57 on Monday. Nel ASA has a twelve month low of $0.41 and a twelve month high of $1.43. The stock has a 50 day moving average of $0.56 and a two-hundred day moving average of $0.55.

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.