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

Storebrand ASA (OTCMKTS:SREDF) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 226,800 shares, an increase of 48.9% from the August 31st total of 152,300 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Storebrand ASA Price Performance

Shares of SREDF stock remained flat at $10.53 on Friday. The company has a 50-day simple moving average of $10.53 and a 200-day simple moving average of $9.95. Storebrand ASA has a 12-month low of $8.41 and a 12-month 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.