Storebrand ASA (OTCMKTS:SREDF) Short Interest Down 52.1% in March

Storebrand ASA (OTCMKTS:SREDF) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 61,500 shares, a drop of 52.1% from the March 15th total of 128,400 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is presently 615.0 days.

Storebrand ASA Price Performance

Shares of OTCMKTS SREDF opened at $10.75 on Friday. The business has a fifty day simple moving average of $11.24 and a 200-day simple moving average of $11.11. Storebrand ASA has a 12 month low of $10.75 and a 12 month high of $11.37.

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.