Short Interest in Storebrand ASA (OTCMKTS:SREDF) Rises By 590.1%

Storebrand ASA (OTCMKTS:SREDF) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 763,300 shares, an increase of 590.1% from the May 31st total of 110,600 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 7,633.0 days.

Storebrand ASA Price Performance

OTCMKTS:SREDF opened at $10.53 on Friday. The stock’s fifty day moving average price is $9.69 and its two-hundred day moving average price is $9.11. Storebrand ASA has a 52-week low of $8.41 and a 52-week high of $10.53.

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.