Schibsted ASA (OTCMKTS:SBSNY) Sees Large Growth in Short Interest

Schibsted ASA (OTCMKTS:SBSNY) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 300 shares, an increase of 200.0% from the February 28th total of 100 shares. Based on an average daily volume of 6,200 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Schibsted ASA to a “strong sell” rating in a research report on Tuesday.

Schibsted ASA Stock Down 0.4 %

SBSNY stock traded down $0.10 during mid-day trading on Friday, reaching $26.13. The company’s stock had a trading volume of 1,241 shares, compared to its average volume of 3,027. The company’s 50 day moving average is $28.63 and its two-hundred day moving average is $30.83. Schibsted ASA has a fifty-two week low of $24.15 and a fifty-two week high of $42.90.

Schibsted ASA (OTCMKTS:SBSNY) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.46 EPS for the quarter.

About Schibsted ASA

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Delivery and Growth & Investments segments. It operates online classifieds that provide technology-based services to connect buyers and sellers, and facilitate transactions, including job offers, real estate, cars, travel, consumer goods, and others.