Short Interest in Schibsted ASA (OTCMKTS:SBSNY) Grows By ∞

Schibsted ASA (OTCMKTS:SBSNY) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1 shares, an increase of ∞ from the August 15th total of 0 shares. Based on an average trading volume of 719 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Schibsted ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Schibsted ASA Stock Performance

Schibsted ASA stock opened at $25.49 on Tuesday. Schibsted ASA has a 52-week low of $18.00 and a 52-week high of $45.00. The stock’s 50 day moving average price is $25.90 and its two-hundred day moving average price is $25.79.

About Schibsted ASA

Schibsted ASA is a Norway-based media and technology group headquartered in Oslo. Established in 1839 with the founding of the newspaper Aftenposten, the company has evolved into a leading digital operator in classifieds, online marketplaces and news media. Schibsted leverages data-driven insights and technology platforms to connect buyers and sellers, as well as to deliver news and content to audiences across multiple channels.

In its media division, Schibsted publishes prominent Scandinavian news brands, including Aftenposten in Norway and Verdens Gang (VG), offering both print and digital editions.