Schibsted ASA (OTCMKTS:SBBTF) Sees Significant Decline in Short Interest

Schibsted ASA (OTCMKTS:SBBTFGet Rating) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 2,800 shares, a decline of 98.3% from the May 31st total of 160,200 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is currently 14.0 days.

OTCMKTS SBBTF remained flat at $$20.00 on Thursday. Schibsted ASA has a 1 year low of $20.00 and a 1 year high of $51.75. The stock’s 50 day moving average is $20.03 and its 200 day moving average is $31.28.

SBBTF has been the topic of several recent analyst reports. Citigroup dropped their price target on Schibsted ASA from 300.00 to 285.00 and set a “buy” rating on the stock in a research report on Wednesday, March 30th. Barclays decreased their price objective on Schibsted ASA from 390.00 to 375.00 in a report on Thursday, May 5th. The Goldman Sachs Group raised Schibsted ASA from a “neutral” rating to a “buy” rating in a report on Sunday, April 10th. JPMorgan Chase & Co. lowered Schibsted ASA from a “neutral” rating to an “underweight” rating in a report on Friday, May 27th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Schibsted ASA from 400.00 to 350.00 in a report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $341.14.

Schibsted ASA Company Profile (Get Rating)

Schibsted ASA, together with its subsidiaries, operates as a media company. The company operates through Nordic Marketplaces, News Media, eCommerce & Distribution, and Financial Services & Ventures segments. It operates online classified operations that provide technology-based services to connect buyers and sellers and facilitate transactions from job offers to real estate, cars, travel, consumer goods, and others.

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