Storebrand ASA (OTCMKTS:SREDF – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 110,048 shares, a decrease of 80.9% from the July 30th total of 576,360 shares. Based on an average trading volume of 20 shares, the days-to-cover ratio is currently 5,502.4 days.
Storebrand ASA Price Performance
Shares of Storebrand ASA stock remained flat at $20.96 during trading hours on Thursday. Storebrand ASA has a 12-month low of $16.07 and a 12-month high of $20.96. The stock’s 50-day moving average price is $19.57 and its 200-day moving average price is $18.82.
Storebrand ASA Company Profile
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.
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