Schibsted ASA (OTCMKTS:SBSNY) Short Interest Update

Schibsted ASA (OTCMKTS:SBSNY) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 172 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 3,475 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Schibsted ASA to a “hold” rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Schibsted ASA Trading Up 0.6%

Shares of SBSNY stock traded up $0.16 during trading hours on Monday, hitting $26.55. 738 shares of the company’s stock were exchanged, compared to its average volume of 8,047. Schibsted ASA has a 12-month low of $18.00 and a 12-month high of $45.00. The business’s 50 day simple moving average is $26.10 and its 200-day simple moving average is $27.01.

About Schibsted ASA

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.