Storebrand ASA (OTCMKTS:SREDY) Sees Significant Increase in Short Interest

Storebrand ASA (OTCMKTS:SREDYGet Free Report) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 117 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily trading volume, of 150 shares, the days-to-cover ratio is currently 0.8 days.

Storebrand ASA Price Performance

Shares of Storebrand ASA stock opened at $43.75 on Friday. The firm’s 50 day moving average price is $35.91 and its 200-day moving average price is $33.15. Storebrand ASA has a 52-week low of $43.42 and a 52-week high of $44.50.

About Storebrand ASA

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Storebrand ASA is a leading Nordic financial services group specializing in long-term savings and insurance solutions. The company’s core activities include life insurance, pension products, asset management and banking services. Through its integrated platform, Storebrand offers tailored savings plans for individuals and businesses, drawing on a broad range of mutual funds, equity and fixed-income investments, as well as traditional insurance policies.

Within its insurance segment, Storebrand provides both individual and collective pension schemes, disability coverage and endowment policies.

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