Short Interest in Storebrand ASA (OTCMKTS:SREDF) Drops By 29.5%

Storebrand ASA (OTCMKTS:SREDF) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 68,900 shares, a drop of 29.5% from the November 30th total of 97,700 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 689.0 days.

Storebrand ASA Stock Performance

Storebrand ASA stock opened at $11.19 on Friday. Storebrand ASA has a 12 month low of $10.95 and a 12 month high of $11.19. The business has a 50 day simple moving average of $11.03 and a 200-day simple moving average of $10.72.

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.