Storebrand ASA (OTCMKTS:SREDF) Short Interest Up 41.4% in January

Storebrand ASA (OTCMKTS:SREDF) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 540,001 shares, a growth of 41.4% from the January 15th total of 381,785 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Storebrand ASA Price Performance

SREDF stock opened at $18.61 on Friday. The company’s fifty day moving average price is $16.84 and its 200-day moving average price is $15.67. Storebrand ASA has a one year low of $16.07 and a one year high of $17.20.

About Storebrand ASA

Storebrand ASA is a leading Norwegian financial services group specializing in long-term savings and insurance solutions. Headquartered in Oslo, the company traces its roots to the 18th century and has grown into one of the foremost providers of life insurance, pensions, and health-related coverage in the Nordic region.

The company’s core activities encompass individual and corporate pension plans, life and non-life insurance products, and comprehensive health insurance services. Through its subsidiaries, Storebrand offers defined contribution and defined benefit schemes, personal pension savings accounts, and disability protection.