Short Interest in Nordic Entertainment Group AB (publ) (OTCMKTS:NENTF) Expands By 318.7%

Nordic Entertainment Group AB (publ) (OTCMKTS:NENTF – Get Rating) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 31,400 shares, a growth of 318.7% from the March 31st total of 7,500 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 314.0 days.

NENTF has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of Nordic Entertainment Group AB (publ) to SEK 675 in a report on Monday, January 10th. DNB Markets upgraded shares of Nordic Entertainment Group AB (publ) to a “buy” rating and set a $500.00 price objective for the company in a report on Monday, March 21st. Finally, Berenberg Bank dropped their price objective on shares of Nordic Entertainment Group AB (publ) from SEK 625 to SEK 525 in a report on Tuesday, March 1st.

Shares of NENTF opened at $32.83 on Thursday. The stock has a 50-day moving average of $35.74 and a 200-day moving average of $46.50. Nordic Entertainment Group AB has a one year low of $32.65 and a one year high of $56.88.

About Nordic Entertainment Group AB (publ) (Get Rating)

Nordic Entertainment Group AB (publ) operates as an entertainment provider and streaming company in Sweden, Norway, Denmark, Finland, the United Kingdom, the Netherlands, and internationally. It creates, produces, and distributes television shows, commercials, feature films, branded content, and events for broadcasters, streamers, distributors, advertisers, and other organizations.

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