Storebrand ASA (OTCMKTS:SREDF) Sees Large Decrease in Short Interest

Storebrand ASA (OTCMKTS:SREDF) was the recipient of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 61,300 shares, a decline of 73.8% from the October 15th total of 234,000 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 613.0 days.

Storebrand ASA Price Performance

Shares of SREDF remained flat at $10.95 during mid-day trading on Wednesday. The firm has a 50-day moving average of $10.73 and a 200 day moving average of $10.36. Storebrand ASA has a 52 week low of $10.95 and a 52 week high of $10.95.

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.