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

Storebrand ASA (OTCMKTS:SREDF) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 68,900 shares, a decline 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 currently 689.0 days.

Storebrand ASA Price Performance

Shares of Storebrand ASA stock remained flat at $11.19 during trading hours on Monday. Storebrand ASA has a 1-year low of $10.95 and a 1-year high of $11.19. The firm has a 50-day moving average price of $11.03 and a two-hundred day moving average price of $10.73.

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.