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

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

Storebrand ASA Stock Performance

Shares of SREDF stock remained flat at $10.75 during trading hours on Wednesday. The firm’s 50-day moving average price is $11.26 and its 200 day moving average price is $11.11. Storebrand ASA has a one year low of $10.75 and a one year 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.