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

Storebrand ASA (OTCMKTS:SREDF) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 128,400 shares, an increase of 133.0% from the February 28th total of 55,100 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 642.0 days.

Storebrand ASA Stock Performance

SREDF stock remained flat at $11.37 during trading on Friday. Storebrand ASA has a 1-year low of $10.95 and a 1-year high of $11.37. The company’s fifty day moving average is $11.31 and its two-hundred day moving average is $11.06.

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.