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

Storebrand ASA (OTCMKTS:SREDF) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 226,800 shares, an increase of 48.9% from the August 31st total of 152,300 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Storebrand ASA Stock Performance

SREDF stock remained flat at $10.53 during midday trading on Friday. Storebrand ASA has a twelve month low of $8.41 and a twelve month high of $10.53. The stock’s 50 day simple moving average is $10.53 and its 200-day simple moving average is $9.97.

About Storebrand ASA

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.