Storebrand ASA (OTCMKTS:SREDF – Get Free Report) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 825,851 shares, an increase of 234.1% from the May 14th total of 247,156 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.
Storebrand ASA Price Performance
Shares of OTCMKTS:SREDF opened at $19.18 on Thursday. The stock’s 50-day moving average is $18.59 and its 200-day moving average is $17.67. Storebrand ASA has a 52-week low of $16.07 and a 52-week high of $19.18.
About Storebrand ASA
Storebrand ASA is a leading Norwegian financial services group specializing in long-term savings and insurance solutions. Headquartered in Oslo, the company traces its roots to the 18th century and has grown into one of the foremost providers of life insurance, pensions, and health-related coverage in the Nordic region.
The company’s core activities encompass individual and corporate pension plans, life and non-life insurance products, and comprehensive health insurance services. Through its subsidiaries, Storebrand offers defined contribution and defined benefit schemes, personal pension savings accounts, and disability protection.
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