Storebrand ASA (OTCMKTS:SREDF – Get Free Report) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 183,544 shares, a drop of 66.0% from the January 29th total of 540,001 shares. Based on an average daily trading volume, of 31 shares, the days-to-cover ratio is currently 5,920.8 days. Based on an average daily trading volume, of 31 shares, the days-to-cover ratio is currently 5,920.8 days.
Storebrand ASA Stock Performance
SREDF opened at $18.44 on Thursday. The company’s 50-day simple moving average is $17.24 and its two-hundred day simple moving average is $15.95. Storebrand ASA has a 52-week low of $16.07 and a 52-week high of $19.00.
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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