Storebrand ASA (OTCMKTS:SREDF) Sees Significant Decrease in Short Interest

Storebrand ASA (OTCMKTS:SREDF) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 183,544 shares, a drop of 66.0% from the January 29th total of 540,001 shares. Based on an average daily volume of 31 shares, the days-to-cover ratio is currently 5,920.8 days. Based on an average daily volume of 31 shares, the days-to-cover ratio is currently 5,920.8 days.

Storebrand ASA Stock Down 0.9%

Shares of OTCMKTS:SREDF opened at $18.44 on Friday. The business has a fifty day simple moving average of $17.33 and a 200-day simple moving average of $16.00. Storebrand ASA has a 52 week low of $16.07 and a 52 week high of $19.00.

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.