Schibsted ASA (OTCMKTS:SBSNY) Stock Short Interest Report for October

Schibsted ASA (OTCMKTS:SBSNY) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 293 shares. Based on an average trading volume of 3,566 shares, the short-interest ratio is presently 0.1 days.

Schibsted ASA Price Performance

Schibsted ASA stock opened at $22.43 on Friday. Schibsted ASA has a one year low of $18.00 and a one year high of $44.24. The company’s fifty day moving average price is $23.80 and its two-hundred day moving average price is $25.56.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Arctic Securiti upgraded Schibsted ASA to a “strong-buy” rating in a research note on Tuesday. Zacks Research raised Schibsted ASA from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Schibsted ASA Company Profile

Schibsted ASA is a Norway-based media company focused on digital news and publishing. Its operations include newspapers, online news sites, subscription products, advertising platforms and related digital media services serving audiences primarily in the Nordic region.

The company’s media portfolio includes well-known brands such as VG and Aftenposten in Norway, Aftonbladet and Svenska Dagbladet in Sweden, and Bergens Tidende and Stavanger Aftenblad. Schibsted also operates digital publications and specialist media brands covering business, finance, technology and general news.

Schibsted traces its origins to 1839, when Christiania Adresseblad—later Aftenposten—was established in Oslo.