SpareBank 1 SR-Bank ASA (OTCMKTS:SBRKF) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 3,900 shares, a growth of 50.0% from the August 15th total of 2,600 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 4.3 days.
SpareBank 1 SR-Bank ASA stock remained flat at $$7.75 during trading on Tuesday. SpareBank 1 SR-Bank ASA has a 12 month low of $4.35 and a 12 month high of $11.38.
Separately, Pareto Securities upgraded shares of SpareBank 1 SR-Bank ASA from a “hold” rating to a “buy” rating in a research note on Tuesday, August 18th.
SpareBank 1 SR-Bank ASA, together with its subsidiaries, provides various financial products and services for personal and corporate customers in Southern and Western Norway. The company offers its products and services in the areas of savings, loans, advice, insurance, and pensions. It also provides foreign exchange, administrative securities, commercial properties brokerage, leasing, accounting, and securities trading services, as well as active management and securities management services.
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