Storebrand ASA (OTCMKTS:SREDF) Short Interest Update

Storebrand ASA (OTCMKTS:SREDF) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 298,563 shares, an increase of 215.9% from the December 15th total of 94,509 shares. Based on an average trading volume of 402 shares, the short-interest ratio is currently 742.7 days. Based on an average trading volume of 402 shares, the short-interest ratio is currently 742.7 days.

Storebrand ASA Stock Performance

Shares of OTCMKTS:SREDF opened at $17.20 on Tuesday. Storebrand ASA has a 1 year low of $16.07 and a 1 year high of $17.20. The business has a fifty day simple moving average of $16.01 and a 200 day simple moving average of $15.09.

Storebrand ASA Company Profile

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.