Gjensidige Forsikring ASA (OTCMKTS:GJNSY) Short Interest Up 62.5% in March

Gjensidige Forsikring ASA (OTCMKTS:GJNSY) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 2,600 shares, an increase of 62.5% from the February 28th total of 1,600 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is currently 1.2 days.

Gjensidige Forsikring ASA Price Performance

OTCMKTS:GJNSY remained flat at $23.33 during trading hours on Friday. The company’s stock had a trading volume of 158 shares, compared to its average volume of 2,028. The stock has a 50-day moving average of $20.91 and a 200 day moving average of $18.95. Gjensidige Forsikring ASA has a twelve month low of $13.39 and a twelve month high of $23.33.

Gjensidige Forsikring ASA Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 24th will be issued a $0.5961 dividend. The ex-dividend date of this dividend is Monday, March 24th. This is a positive change from Gjensidige Forsikring ASA’s previous dividend of $0.57. Gjensidige Forsikring ASA’s dividend payout ratio (DPR) is 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.