Schibsted ASA (OTCMKTS:SBSNF) Sees Significant Increase in Short Interest

Schibsted ASA (OTCMKTS:SBSNF) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 7,100 shares, a growth of 26.8% from the September 15th total of 5,600 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 35.5 days.

Several research analysts recently commented on SBSNF shares. Bank of America initiated coverage on Schibsted ASA in a research note on Tuesday, July 14th. They issued a “buy” rating for the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Schibsted ASA in a research report on Monday, September 21st. Nordea Equity Research cut Schibsted ASA from a “hold” rating to a “sell” rating in a report on Thursday, October 8th. Finally, Barclays reaffirmed an “overweight” rating on shares of Schibsted ASA in a report on Tuesday, July 7th.

Shares of SBSNF stock remained flat at $$42.99 on Friday. Schibsted ASA has a 12-month low of $17.98 and a 12-month high of $42.99. The company has a 50-day simple moving average of $40.01 and a 200-day simple moving average of $29.18.

Schibsted ASA Company Profile

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Marketplaces, Publishing, and Growth segments. It operates online marketplaces that connect buyers and sellers; offers online classifieds services; and publishes printed and online newspapers, and subscription-based newspapers.

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