Storebrand ASA (OTCMKTS:SREDF) Short Interest Update

Storebrand ASA (OTCMKTS:SREDF) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 100,902 shares, an increase of 58.1% from the March 15th total of 63,811 shares. Based on an average trading volume of 88 shares, the days-to-cover ratio is presently 1,146.6 days.

Storebrand ASA Stock Performance

OTCMKTS SREDF opened at $18.05 on Thursday. Storebrand ASA has a fifty-two week low of $16.07 and a fifty-two week high of $19.00. The business has a 50 day moving average price of $18.05 and a two-hundred day moving average price of $16.74.

Storebrand ASA Company Profile

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.