Short Interest in Schibsted ASA (OTCMKTS:SBBTF) Declines By 14.5%

Schibsted ASA (OTCMKTS:SBBTF) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 61,500 shares, a decrease of 14.5% from the February 28th total of 71,900 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 615.0 days.

Schibsted ASA Stock Performance

SBBTF opened at $26.00 on Thursday. Schibsted ASA has a twelve month low of $26.00 and a twelve month high of $26.20. The company has a fifty day moving average of $26.16 and a 200-day moving average of $26.17.

About Schibsted ASA

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.