Storebrand ASA (OTCMKTS:SREDF – Get Free Report) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 110,048 shares, a drop of 80.9% from the July 30th total of 576,360 shares. Based on an average daily trading volume, of 20 shares, the short-interest ratio is currently 5,502.4 days.
Storebrand ASA Stock Performance
OTCMKTS:SREDF opened at $20.96 on Friday. Storebrand ASA has a 1 year low of $16.07 and a 1 year high of $20.96. The firm has a 50 day moving average of $19.61 and a 200-day moving average of $18.85.
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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