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

Storebrand ASA (OTCMKTS:SREDF) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 143,600 shares, an increase of 248.5% from the January 31st total of 41,200 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 1,436.0 days.

Storebrand ASA Stock Performance

Shares of SREDF opened at $11.37 on Friday. Storebrand ASA has a 12-month low of $10.95 and a 12-month high of $11.37. The business’s fifty day moving average is $11.24 and its 200 day moving average is $10.95.

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.