Schibsted ASA (OTCMKTS:SBBTF) Sees Large Decline in Short Interest

Schibsted ASA (OTCMKTS:SBBTF) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 25,600 shares, a drop of 49.2% from the December 31st total of 50,400 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Schibsted ASA Price Performance

Shares of OTCMKTS SBBTF remained flat at $26.17 during mid-day trading on Wednesday. Schibsted ASA has a 52-week low of $26.17 and a 52-week high of $26.97. The company’s 50-day simple moving average is $26.17 and its two-hundred day simple moving average is $24.86.

Schibsted ASA Company Profile

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Delivery and Growth & Investments segments. It operates online classifieds that provide technology-based services to connect buyers and sellers, and facilitate transactions, including job offers, real estate, cars, travel, consumer goods, and others.