Storebrand ASA (OTCMKTS:SREDF) Short Interest Down 57.2% in March

Storebrand ASA (OTCMKTS:SREDF) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 63,811 shares, a decline of 57.2% from the February 26th total of 149,209 shares. Based on an average daily trading volume, of 292 shares, the days-to-cover ratio is presently 218.5 days.

Storebrand ASA Price Performance

OTCMKTS SREDF opened at $18.05 on Thursday. Storebrand ASA has a 1 year low of $16.07 and a 1 year high of $19.00. The business’s fifty day moving average is $17.79 and its two-hundred day moving average is $16.46.

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.