Short Interest in Storebrand ASA (OTCMKTS:SREDF) Grows By 83.2%

Storebrand ASA (OTCMKTS:SREDF) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 234,000 shares, an increase of 83.2% from the September 30th total of 127,700 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is currently 780.0 days.

Storebrand ASA Price Performance

Shares of Storebrand ASA stock remained flat at $10.95 on Friday. Storebrand ASA has a 12-month low of $10.95 and a 12-month high of $10.95. The stock’s 50 day moving average price is $10.63 and its two-hundred day moving average price is $10.20.

Storebrand ASA Company Profile

Storebrand ASA provides insurance products and services in Norway, the United States, Japan, and Sweden. It operates through four segments: Savings, Insurance, Guaranteed Pension, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products.