Schibsted ASA (OTCMKTS:SBBTF) Short Interest Up 349.8% in April

Schibsted ASA (OTCMKTS:SBBTFGet Rating) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 105,700 shares, an increase of 349.8% from the March 31st total of 23,500 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

SBBTF has been the topic of several research analyst reports. Nordea Equity Research raised shares of Schibsted ASA from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 21st. JPMorgan Chase & Co. lifted their price target on Schibsted ASA from 265.00 to 276.00 in a report on Wednesday, March 30th. Barclays lowered their price objective on shares of Schibsted ASA from 485.00 to 415.00 in a research note on Wednesday, March 16th. The Goldman Sachs Group upgraded shares of Schibsted ASA from a “neutral” rating to a “buy” rating in a research report on Sunday, April 10th. Finally, Citigroup decreased their price target on shares of Schibsted ASA from 300.00 to 285.00 and set a “buy” rating on the stock in a research report on Wednesday, March 30th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $386.20.

SBBTF opened at $20.00 on Thursday. Schibsted ASA has a one year low of $20.00 and a one year high of $51.75. The company’s 50 day simple moving average is $22.50 and its 200-day simple moving average is $38.26.

About Schibsted ASA (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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