Storebrand ASA (OTCMKTS:SREDF) Short Interest Up 41.4% in January

Storebrand ASA (OTCMKTS:SREDF) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 540,001 shares, a growth of 41.4% from the January 15th total of 381,785 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Storebrand ASA Price Performance

Shares of OTCMKTS:SREDF opened at $18.61 on Friday. The firm has a fifty day simple moving average of $16.84 and a two-hundred day simple moving average of $15.67. Storebrand ASA has a 52 week low of $16.07 and a 52 week high of $17.20.

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.