Gjensidige Forsikring ASA (OTCMKTS:GJNSY) Short Interest Update

Gjensidige Forsikring ASA (OTCMKTS:GJNSY) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 2,600 shares, a growth of 62.5% from the February 28th total of 1,600 shares. Based on an average daily trading volume, of 2,200 shares, the days-to-cover ratio is presently 1.2 days.

Gjensidige Forsikring ASA Price Performance

GJNSY stock remained flat at $23.33 during mid-day trading on Friday. 158 shares of the company’s stock traded hands, compared to its average volume of 2,028. The firm’s 50-day simple moving average is $20.91 and its two-hundred day simple moving average is $18.96. Gjensidige Forsikring ASA has a one year low of $13.39 and a one year high of $23.33.

Gjensidige Forsikring ASA Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 24th will be issued a $0.5961 dividend. The ex-dividend date is Monday, March 24th. This is an increase from Gjensidige Forsikring ASA’s previous dividend of $0.57. Gjensidige Forsikring ASA’s dividend payout ratio (DPR) is 122.66%.

About Gjensidige Forsikring ASA

Gjensidige Forsikring ASA engages in the provision of general insurance and pension products in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia. The company operates through five segments: General Insurance Private, General Insurance Commercial, General Insurance Sweden, General Insurance Baltics, and Pension.