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

Storebrand ASA (OTCMKTS:SREDF) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 143,600 shares, an increase of 248.5% from the January 31st total of 41,200 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 1,436.0 days.

Storebrand ASA Stock Performance

SREDF stock opened at $11.37 on Friday. Storebrand ASA has a 52 week low of $10.95 and a 52 week high of $11.37. The firm has a 50 day moving average of $11.24 and a 200 day moving average of $10.95.

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.