Zurich Insurance Group AG (OTCMKTS:ZURVY) Sees Significant Growth in Short Interest

Zurich Insurance Group AG (OTCMKTS:ZURVY) was the target of a large growth in short interest in August. As of August 15th, there was short interest totalling 57,300 shares, a growth of 277.0% from the July 31st total of 15,200 shares. Based on an average trading volume of 97,200 shares, the days-to-cover ratio is currently 0.6 days.

Zurich Insurance Group Trading Up 0.7 %

Shares of OTCMKTS ZURVY traded up $0.19 during midday trading on Thursday, hitting $29.38. The company’s stock had a trading volume of 54,774 shares, compared to its average volume of 114,870. Zurich Insurance Group has a 1-year low of $22.21 and a 1-year high of $29.39. The firm’s fifty day moving average price is $51.34 and its 200-day moving average price is $51.68. The company has a current ratio of 22.20, a quick ratio of 22.20 and a debt-to-equity ratio of 0.52.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised Zurich Insurance Group from a “neutral” rating to a “buy” rating in a report on Friday, May 17th.

About Zurich Insurance Group

Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments.