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

Schibsted ASA (OTCMKTS:SBSNY) was the recipient of a large increase in short interest during 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 daily trading volume, of 719 shares, the short-interest ratio is currently 0.0 days.

Schibsted ASA Stock Performance

SBSNY stock opened at $24.70 on Thursday. Schibsted ASA has a 12-month low of $18.00 and a 12-month high of $45.00. The firm’s 50-day moving average price is $25.89 and its two-hundred day moving average price is $25.82.

Analysts Set New Price Targets

Separately, Zacks Research lowered Schibsted ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 24th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Schibsted ASA Company Profile

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.