Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Sees Significant Decrease in Short Interest

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 66,600 shares, a drop of 19.5% from the October 31st total of 82,700 shares. Based on an average daily volume of 440,900 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MURGY shares. Berenberg Bank lowered Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Jefferies Financial Group cut Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “buy” rating to a “hold” rating in a research report on Monday, October 21st.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Price Performance

OTCMKTS:MURGY traded up $0.11 on Friday, reaching $10.42. The stock had a trading volume of 89,531 shares, compared to its average volume of 232,396. The company has a market capitalization of $69.69 billion, a P/E ratio of 13.18, a price-to-earnings-growth ratio of 1.94 and a beta of 1.03. The stock has a fifty day moving average price of $10.43 and a 200-day moving average price of $10.20. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.20. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 1-year low of $8.17 and a 1-year high of $11.14.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It also offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, MIRA digital suite, MIRA POS, MIRApply insured and physician, claims risk adjustment, CLARA plus, data analytics, underwriting and claims, medical research, capital management, and health market.