Short Interest in Schibsted ASA (OTCMKTS:SBBTF) Grows By 17.7%

Schibsted ASA (OTCMKTS:SBBTF) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 71,900 shares, an increase of 17.7% from the February 13th total of 61,100 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 719.0 days.

Schibsted ASA Stock Performance

Schibsted ASA stock remained flat at $26.20 during midday trading on Wednesday. Schibsted ASA has a 52 week low of $26.17 and a 52 week high of $26.97. The company’s 50 day moving average is $26.18 and its 200 day moving average is $26.18.

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.