Storebrand ASA (OTCMKTS:SREDF) Sees Large Increase in Short Interest

Storebrand ASA (OTCMKTS:SREDF) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 78,100 shares, an increase of 27.4% from the October 31st total of 61,300 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Storebrand ASA Price Performance

OTCMKTS SREDF opened at $10.95 on Monday. The firm has a 50 day simple moving average of $10.84 and a 200-day simple moving average of $10.51. Storebrand ASA has a one year low of $10.95 and a one year high of $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.