Short Interest in Schibsted ASA (OTCMKTS:SBSNF) Rises By 23.4%

Schibsted ASA (OTCMKTS:SBSNF) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 260,800 shares, an increase of 23.4% from the April 30th total of 211,400 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 2,608.0 days.

Schibsted ASA Stock Performance

SBSNF stock remained flat at $35.81 during midday trading on Tuesday. Schibsted ASA has a twelve month low of $27.37 and a twelve month high of $35.81. The company’s 50 day simple moving average is $31.60 and its 200-day simple moving average is $32.19.

Schibsted ASA Company Profile

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Delivery and Growth & Investments segments. It operates online classifieds that provide technology-based services to connect buyers and sellers, and facilitate transactions, including job offers, real estate, cars, travel, consumer goods, and others.