Storebrand ASA (OTCMKTS:SREDF) Short Interest Down 52.1% in May

Storebrand ASA (OTCMKTS:SREDFGet Rating) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 518,000 shares, a drop of 52.1% from the April 30th total of 1,080,300 shares. Based on an average daily trading volume, of 1,300 shares, the short-interest ratio is currently 398.5 days.

Storebrand ASA stock opened at $8.46 on Friday. Storebrand ASA has a 1-year low of $8.46 and a 1-year high of $9.91. The stock’s fifty day moving average is $9.24 and its two-hundred day moving average is $9.33.

About Storebrand ASA (Get Rating)

Storebrand ASA, through its subsidiaries, primarily provides insurance products and services in Norway the United States, Japan, and Sweden. The company operates through four segments: Savings, Insurance, Guaranteed Pension, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products.

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