Schibsted ASA (OTCMKTS:SBSNF) Sees Significant Growth in Short Interest

Schibsted ASA (OTCMKTS:SBSNF) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 6,900 shares, an increase of 25.5% from the August 15th total of 5,500 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Shares of OTCMKTS SBSNF remained flat at $$36.50 during trading hours on Tuesday. Schibsted ASA has a 12 month low of $17.98 and a 12 month high of $36.50. The firm’s 50-day moving average is $36.50 and its 200-day moving average is $26.91.

SBSNF has been the topic of a number of research analyst reports. Bank of America initiated coverage on shares of Schibsted ASA in a report on Tuesday, July 14th. They set a “buy” rating on the stock. Barclays reaffirmed an “overweight” rating on shares of Schibsted ASA in a research report on Tuesday, July 7th.

About Schibsted ASA

Schibsted ASA, together with its subsidiaries, operates as a media company. It operates through Marketplaces, Publishing, and Growth segments. The company offers online classifieds services; and publishes single-copy print and online newspapers, and subscription-based newspapers. It is also involved in printing and distribution, as well as online personal finance, price comparison, online coupon, and online directory activities.

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