Gjensidige Forsikring ASA (OTCMKTS:GJNSY) Short Interest Update

Gjensidige Forsikring ASA (OTCMKTS:GJNSY) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 8,500 shares, a decrease of 8.6% from the March 15th total of 9,300 shares. Based on an average daily volume of 8,500 shares, the days-to-cover ratio is presently 1.0 days.

Gjensidige Forsikring ASA Stock Up 0.7 %

OTCMKTS GJNSY traded up $0.11 during mid-day trading on Tuesday, hitting $14.95. The stock had a trading volume of 4,683 shares, compared to its average volume of 3,928. The firm’s 50 day moving average is $15.64 and its 200 day moving average is $16.10. Gjensidige Forsikring ASA has a twelve month low of $13.39 and a twelve month high of $18.43.

Gjensidige Forsikring ASA Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, March 22nd will be paid a $0.5712 dividend. This is an increase from Gjensidige Forsikring ASA’s previous dividend of $0.56. The ex-dividend date is Thursday, March 21st. Gjensidige Forsikring ASA’s dividend payout ratio is currently 122.66%.

About Gjensidige Forsikring ASA

Gjensidige Forsikring ASA engages in the provision of general insurance and pension products in Norway, Sweden, Denmark, Latvia, Lithuania, and Estonia. The company operates through five segments: General Insurance Private, General Insurance Commercial, General Insurance Sweden, General Insurance Baltics, and Pension.