Gjensidige Forsikring ASA (OTCMKTS:GJNSY) Short Interest Down 61.5% in March

Gjensidige Forsikring ASA (OTCMKTS:GJNSY) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 1,000 shares, a decline of 61.5% from the March 15th total of 2,600 shares. Based on an average daily volume of 3,700 shares, the days-to-cover ratio is currently 0.3 days.

Gjensidige Forsikring ASA Stock Performance

Shares of OTCMKTS GJNSY traded up $1.23 during midday trading on Wednesday, reaching $24.80. The stock had a trading volume of 1,230 shares, compared to its average volume of 2,855. Gjensidige Forsikring ASA has a 12-month low of $14.11 and a 12-month high of $24.80. The stock has a 50-day moving average of $21.62 and a 200-day moving average of $19.38.

Gjensidige Forsikring ASA Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 24th were given a dividend of $0.5961 per share. The ex-dividend date was Monday, March 24th. This is a boost from Gjensidige Forsikring ASA’s previous dividend of $0.57. Gjensidige Forsikring ASA’s dividend payout ratio (DPR) is currently 122.66%.

Gjensidige Forsikring ASA Company Profile

Gjensidige Forsikring ASA engages in the provision of general insurance and pension products in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia. The company operates through five segments: General Insurance Private, General Insurance Commercial, General Insurance Sweden, General Insurance Baltics, and Pension.