Gjensidige Forsikring ASA (OTCMKTS:GJNSY) Short Interest Update

Gjensidige Forsikring ASA (OTCMKTS:GJNSY) was the target of 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 volume of 2,200 shares, the days-to-cover ratio is currently 1.2 days.

Gjensidige Forsikring ASA Price Performance

GJNSY stock remained flat at $23.33 during midday trading on Monday. 158 shares of the company’s stock were exchanged, compared to its average volume of 2,028. Gjensidige Forsikring ASA has a 1 year low of $13.39 and a 1 year high of $23.33. The stock’s fifty day simple moving average is $20.91 and its 200-day simple moving average is $18.97.

Gjensidige Forsikring ASA Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 24th will be given a dividend of $0.5961 per share. This is a boost 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 presently 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.