Short Interest in Schibsted ASA (OTCMKTS:SBSNY) Rises By 100.0%

Schibsted ASA (OTCMKTS:SBSNY) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 200 shares, a growth of 100.0% from the May 15th total of 100 shares. Based on an average daily volume of 4,800 shares, the days-to-cover ratio is currently 0.0 days.

Schibsted ASA Stock Up 0.2%

Shares of Schibsted ASA stock traded up $0.09 during trading hours on Friday, hitting $37.91. 2,121 shares of the company’s stock traded hands, compared to its average volume of 2,750. The stock has a 50 day simple moving average of $31.81 and a 200-day simple moving average of $30.42. Schibsted ASA has a twelve month low of $24.95 and a twelve month high of $43.68.

Schibsted ASA Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were paid a dividend of $0.1151 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.37%. Schibsted ASA’s dividend payout ratio is presently 0.85%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised Schibsted ASA to a “strong sell” rating in a research report on Tuesday, March 25th.

Schibsted ASA Company Profile

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, Delivery and Growth & Investments segments. It operates online classifieds that provide technology-based services to connect buyers and sellers, and facilitate transactions, including job offers, real estate, cars, travel, consumer goods, and others.