Schibsted ASA (OTCMKTS:SBSNF) Sees Large Increase in Short Interest

Schibsted ASA (OTCMKTS:SBSNF) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 78,200 shares, an increase of 26.5% from the August 15th total of 61,800 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Schibsted ASA Stock Performance

Shares of SBSNF remained flat at $32.50 during mid-day trading on Monday. Schibsted ASA has a 1 year low of $30.10 and a 1 year high of $32.50. The business’s 50-day moving average price is $32.50 and its two-hundred day moving average price is $31.34.

About Schibsted ASA

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.