Storebrand ASA (OTCMKTS:SREDF) Short Interest Down 29.5% in December

Storebrand ASA (OTCMKTS:SREDF) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 68,900 shares, a drop of 29.5% from the November 30th total of 97,700 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 689.0 days.

Storebrand ASA Price Performance

Storebrand ASA stock remained flat at $11.19 during midday trading on Monday. Storebrand ASA has a 52-week low of $10.95 and a 52-week high of $11.19. The stock’s 50 day moving average is $11.03 and its 200-day moving average is $10.73.

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.