Schibsted ASA (OTCMKTS:SBSNY) Short Interest Up 100.0% in May

Schibsted ASA (OTCMKTS:SBSNY) saw a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 200 shares, an increase of 100.0% from the May 15th total of 100 shares. Based on an average daily trading volume, of 4,800 shares, the days-to-cover ratio is presently 0.0 days.

Schibsted ASA Stock Performance

SBSNY opened at $37.91 on Monday. The firm’s 50-day moving average price is $31.81 and its 200-day moving average price is $30.41. Schibsted ASA has a 52-week low of $24.95 and a 52-week high of $43.68.

Schibsted ASA Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were paid a dividend of $0.1151 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.37%. Schibsted ASA’s payout ratio is presently 0.85%.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Schibsted ASA to a “strong sell” rating in a research report on Tuesday, March 25th.

About Schibsted ASA

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Delivery and Growth & Investments segments. It operates online classifieds that provide technology-based services to connect buyers and sellers, and facilitate transactions, including job offers, real estate, cars, travel, consumer goods, and others.