Schibsted ASA (OTCMKTS:SBSNF) Short Interest Update

Schibsted ASA (OTCMKTS:SBSNFGet Rating) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 603,200 shares, an increase of 22.2% from the March 31st total of 493,600 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

A number of brokerages have issued reports on SBSNF. 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 raised 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $400.00.

Shares of OTCMKTS SBSNF remained flat at $$22.39 during midday trading on Tuesday. Schibsted ASA has a 12-month low of $22.39 and a 12-month high of $42.60. The stock has a 50-day simple moving average of $28.00 and a 200-day simple moving average of $37.86.

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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