Storebrand ASA (OTCMKTS:SREDF) Sees Significant Decrease in Short Interest

Storebrand ASA (OTCMKTS:SREDF) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 61,300 shares, a decline of 73.8% from the October 15th total of 234,000 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 613.0 days.

Storebrand ASA Price Performance

SREDF remained flat at $10.95 during trading on Wednesday. The business’s fifty day simple moving average is $10.73 and its 200-day simple moving average is $10.36. Storebrand ASA has a 12 month low of $10.95 and a 12 month high of $10.95.

About Storebrand ASA

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.