Short Interest in Storebrand ASA (OTCMKTS:SREDF) Declines By 66.0%

Storebrand ASA (OTCMKTS:SREDF) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 183,544 shares, a decrease of 66.0% from the January 29th total of 540,001 shares. Based on an average daily volume of 31 shares, the short-interest ratio is currently 5,920.8 days. Based on an average daily volume of 31 shares, the short-interest ratio is currently 5,920.8 days.

Storebrand ASA Stock Performance

Shares of OTCMKTS SREDF opened at $18.44 on Thursday. Storebrand ASA has a 12-month low of $16.07 and a 12-month high of $19.00. The firm has a 50 day moving average of $17.24 and a 200 day moving average of $15.95.

Storebrand ASA Company Profile

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.