Schibsted ASA (OTCMKTS:SBBTF) Sees Significant Increase in Short Interest

Schibsted ASA (OTCMKTS:SBBTF) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 71,900 shares, an increase of 17.7% from the February 13th total of 61,100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 719.0 days.

Schibsted ASA Stock Performance

SBBTF remained flat at $26.20 during trading on Wednesday. The company has a fifty day simple moving average of $26.18 and a two-hundred day simple moving average of $26.18. Schibsted ASA has a 1-year low of $26.17 and a 1-year high of $26.97.

About Schibsted ASA

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Delivery and Growth & Investments segments. It operates online classifieds that provide technology-based services to connect buyers and sellers, and facilitate transactions, including job offers, real estate, cars, travel, consumer goods, and others.