Short Interest in Schibsted ASA (OTCMKTS:SBSNY) Grows By ∞

Schibsted ASA (OTCMKTS:SBSNY) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily volume of 719 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Schibsted ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, August 24th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Schibsted ASA Price Performance

OTCMKTS:SBSNY opened at $25.49 on Tuesday. The company has a 50 day simple moving average of $25.90 and a two-hundred day simple moving average of $25.79. Schibsted ASA has a fifty-two week low of $18.00 and a fifty-two week high of $45.00.

Schibsted ASA Company Profile

Schibsted ASA is a Norway-based media and technology group headquartered in Oslo. Established in 1839 with the founding of the newspaper Aftenposten, the company has evolved into a leading digital operator in classifieds, online marketplaces and news media. Schibsted leverages data-driven insights and technology platforms to connect buyers and sellers, as well as to deliver news and content to audiences across multiple channels.

In its media division, Schibsted publishes prominent Scandinavian news brands, including Aftenposten in Norway and Verdens Gang (VG), offering both print and digital editions.