Gjensidige Forsikring ASA (OTCMKTS:GJNSY) Short Interest Up 20.0% in February

Gjensidige Forsikring ASA (OTCMKTS:GJNSY) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 600 shares, a growth of 20.0% from the January 31st total of 500 shares. Based on an average daily volume of 2,300 shares, the days-to-cover ratio is currently 0.3 days.

Gjensidige Forsikring ASA Price Performance

GJNSY traded up $0.07 during trading on Friday, reaching $21.69. 772 shares of the stock were exchanged, compared to its average volume of 2,099. The stock’s 50 day moving average price is $19.47 and its two-hundred day moving average price is $18.40. Gjensidige Forsikring ASA has a twelve month low of $13.39 and a twelve month high of $21.69.

Gjensidige Forsikring ASA Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 24th will be issued a $0.5961 dividend. This is an increase from Gjensidige Forsikring ASA’s previous dividend of $0.57. The ex-dividend date of this dividend is Monday, March 24th. Gjensidige Forsikring ASA’s payout ratio is currently 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.