Short Interest in Storebrand ASA (OTCMKTS:SREDF) Declines By 52.6%

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

Storebrand ASA Price Performance

SREDF remained flat at $11.19 during mid-day trading on Thursday. The stock’s fifty day simple moving average is $11.14 and its 200-day simple moving average is $10.83. Storebrand ASA has a fifty-two week low of $10.95 and a fifty-two week high of $11.19.

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.