Short Interest in Schibsted ASA (OTCMKTS:SBSNF) Increases By 22.2%

Schibsted ASA (OTCMKTS:SBSNFGet Rating) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 493,600 shares, an increase of 22.2% from the March 15th total of 404,000 shares. Based on an average daily volume of 200 shares, the short-interest ratio is presently 2,468.0 days.

Shares of OTCMKTS SBSNF remained flat at $$29.40 during mid-day trading on Tuesday. Schibsted ASA has a 1-year low of $29.40 and a 1-year high of $42.60. The company has a 50 day simple moving average of $29.40 and a 200-day simple moving average of $39.95.

SBSNF has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Schibsted ASA from 450.00 to 400.00 and set a “buy” rating on the stock in a research note on Tuesday, February 22nd. Citigroup upgraded Schibsted ASA from a “neutral” rating to a “buy” rating in a research note on Monday, February 14th. The Goldman Sachs Group initiated coverage on Schibsted ASA in a research note on Thursday, January 20th. They issued a “neutral” rating on the stock. Finally, Jefferies Financial Group initiated coverage on Schibsted ASA in a research note on Wednesday, February 2nd. They issued a “buy” rating on the stock. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $400.00.

Schibsted ASA Company Profile (Get Rating)

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Financial Services, and Growth segments. It operates online marketplaces, as well as offers online classifieds services that provide technology-based services to connect buyers and sellers; and publishes printed and online newspapers, and subscription-based newspapers.

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