Storebrand ASA (OTCMKTS:SREDF) Sees Significant Decline in Short Interest

Storebrand ASA (OTCMKTS:SREDF) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 9,600 shares, a decline of 21.3% from the August 15th total of 12,200 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 48.0 days. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is presently 48.0 days.

Storebrand ASA Price Performance

Shares of SREDF opened at $15.34 on Friday. Storebrand ASA has a 1-year low of $10.75 and a 1-year high of $15.34. The company’s fifty day moving average price is $14.29 and its 200-day moving average price is $12.41.

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.