Storebrand ASA (OTCMKTS:SREDY – Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 300 shares, a decline of 25.0% from the May 15th total of 400 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 3.0 days.
Storebrand ASA Stock Performance
OTCMKTS:SREDY remained flat at $20.02 during midday trading on Friday. Storebrand ASA has a 12 month low of $19.13 and a 12 month high of $20.07. The company has a 50 day moving average of $18.18 and a 200-day moving average of $16.23.
Storebrand ASA Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, May 1st. Shareholders of record on Monday, April 8th were given a $0.5243 dividend. This is an increase from Storebrand ASA’s previous dividend of $0.47. The ex-dividend date was Friday, April 5th.
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.
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