Storebrand ASA (OTCMKTS:SREDF) Short Interest Up 83.2% in October

Storebrand ASA (OTCMKTS:SREDF) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 234,000 shares, a growth of 83.2% from the September 30th total of 127,700 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 780.0 days.

Storebrand ASA Price Performance

Shares of OTCMKTS SREDF remained flat at $10.95 during midday trading on Friday. The company’s 50-day moving average price is $10.63 and its 200-day moving average price is $10.20. Storebrand ASA has a 1 year low of $10.95 and a 1 year high of $10.95.

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.