SpareBank 1 SMN (OTCMKTS:SRMGF) Short Interest Up 136.8% in March

SpareBank 1 SMN (OTCMKTS:SRMGF) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 15,373 shares, a growth of 136.8% from the February 26th total of 6,491 shares. Based on an average trading volume of 95 shares, the days-to-cover ratio is presently 161.8 days.

SpareBank 1 SMN Price Performance

Shares of SpareBank 1 SMN stock opened at $20.81 on Friday. The firm’s fifty day simple moving average is $14.83 and its 200-day simple moving average is $13.26. SpareBank 1 SMN has a 12 month low of $12.43 and a 12 month high of $20.81.

About SpareBank 1 SMN

SpareBank 1 SMN is a Norwegian savings bank headquartered in Trondheim, serving retail and corporate customers across Central Norway. As part of the SpareBank 1 Alliance, the bank offers a broad spectrum of financial services while maintaining local ownership and governance through a board of directors and executive management team.

The bank’s core business activities include deposit accounts, personal and commercial lending, mortgage financing and payment services. In addition to traditional banking, SpareBank 1 SMN provides insurance solutions, asset management, pension products and leasing services.