Storebrand ASA (OTCMKTS:SREDF) Short Interest Update

Storebrand ASA (OTCMKTS:SREDF) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 298,563 shares, a growth of 215.9% from the December 15th total of 94,509 shares. Based on an average daily volume of 402 shares, the short-interest ratio is presently 742.7 days. Based on an average daily volume of 402 shares, the short-interest ratio is presently 742.7 days.

Storebrand ASA Stock Performance

Shares of OTCMKTS:SREDF opened at $17.20 on Wednesday. The firm’s 50 day moving average is $16.05 and its two-hundred day moving average is $15.11. 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.