Schibsted ASA (OTCMKTS:SBSNY) Stock Short Interest Report for October

Schibsted ASA (OTCMKTS:SBSNY) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 293 shares. Based on an average daily trading volume, of 3,566 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Arctic Securiti upgraded shares of Schibsted ASA to a “strong-buy” rating in a report on Tuesday. Zacks Research upgraded shares of Schibsted ASA from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Schibsted ASA Stock Performance

SBSNY stock opened at $22.43 on Friday. The firm has a 50 day simple moving average of $23.80 and a 200 day simple moving average of $25.56. Schibsted ASA has a 52 week low of $18.00 and a 52 week high of $44.24.

Schibsted ASA Company Profile

Schibsted ASA is a Norway-based media company focused on digital news and publishing. Its operations include newspapers, online news sites, subscription products, advertising platforms and related digital media services serving audiences primarily in the Nordic region.

The company’s media portfolio includes well-known brands such as VG and Aftenposten in Norway, Aftonbladet and Svenska Dagbladet in Sweden, and Bergens Tidende and Stavanger Aftenblad. Schibsted also operates digital publications and specialist media brands covering business, finance, technology and general news.

Schibsted traces its origins to 1839, when Christiania Adresseblad—later Aftenposten—was established in Oslo.