Schibsted ASA (OTCMKTS:SBSNY) Short Interest Update

Schibsted ASA (OTCMKTS:SBSNY) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 1 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 719 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Schibsted ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Schibsted ASA Stock Performance

SBSNY opened at $25.49 on Wednesday. The company has a 50 day simple moving average of $25.89 and a two-hundred day simple moving average of $25.81. Schibsted ASA has a 1-year low of $18.00 and a 1-year high of $45.00.

Schibsted ASA Company Profile

Schibsted ASA is a Norway-based media and technology group headquartered in Oslo. Established in 1839 with the founding of the newspaper Aftenposten, the company has evolved into a leading digital operator in classifieds, online marketplaces and news media. Schibsted leverages data-driven insights and technology platforms to connect buyers and sellers, as well as to deliver news and content to audiences across multiple channels.

In its media division, Schibsted publishes prominent Scandinavian news brands, including Aftenposten in Norway and Verdens Gang (VG), offering both print and digital editions.