Schibsted ASA (OTCMKTS:SBSNF) Sees Large Increase in Short Interest

Schibsted ASA (OTCMKTS:SBSNF) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 78,200 shares, a growth of 26.5% from the August 15th total of 61,800 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Schibsted ASA Stock Performance

OTCMKTS SBSNF remained flat at $32.50 during trading hours on Monday. The company’s fifty day moving average price is $32.50 and its 200 day moving average price is $31.34. Schibsted ASA has a 12-month low of $30.10 and a 12-month high of $32.50.

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.