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

Storebrand ASA (OTCMKTS:SREDF) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 38,500 shares, a decline of 52.6% from the December 31st total of 81,300 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is presently ∞ days.

Storebrand ASA Stock Performance

Shares of SREDF stock remained flat at $11.19 during mid-day trading on Thursday. 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 of $11.14 and a two-hundred day moving average of $10.83.

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.