Storebrand ASA (OTCMKTS:SREDF) Short Interest Up 133.0% in March

Storebrand ASA (OTCMKTS:SREDF) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 128,400 shares, a growth of 133.0% from the February 28th total of 55,100 shares. Based on an average daily volume of 200 shares, the short-interest ratio is currently 642.0 days.

Storebrand ASA Stock Performance

OTCMKTS SREDF remained flat at $11.37 during mid-day trading on Friday. Storebrand ASA has a 52 week low of $10.95 and a 52 week high of $11.37. The company’s fifty day simple moving average is $11.31 and its two-hundred day simple moving average is $11.06.

About Storebrand ASA

Storebrand ASA provides insurance products and services in Norway, the United States, Japan, and Sweden. It operates through four segments: Savings, Insurance, Guaranteed Pension, and Other. The Savings segment offers retirement savings, defined contribution pensions, asset management, and retail banking products.