Storebrand ASA (OTCMKTS:SREDF – Get Free Report) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 94,509 shares, a decrease of 23.7% from the November 30th total of 123,808 shares. Based on an average trading volume of 7,285 shares, the short-interest ratio is presently 13.0 days. Based on an average trading volume of 7,285 shares, the short-interest ratio is presently 13.0 days.
Storebrand ASA Stock Up 2.6%
OTCMKTS:SREDF opened at $16.49 on Tuesday. The firm’s 50 day moving average is $15.64 and its 200 day moving average is $14.78. Storebrand ASA has a 12 month low of $16.07 and a 12 month high of $16.49.
About Storebrand ASA
Storebrand ASA is a leading Norwegian financial services group specializing in long-term savings and insurance solutions. Headquartered in Oslo, the company traces its roots to the 18th century and has grown into one of the foremost providers of life insurance, pensions, and health-related coverage in the Nordic region.
The company’s core activities encompass individual and corporate pension plans, life and non-life insurance products, and comprehensive health insurance services. Through its subsidiaries, Storebrand offers defined contribution and defined benefit schemes, personal pension savings accounts, and disability protection.
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