Swiss Re Ltd. (OTCMKTS:SSREY) Sees Large Growth in Short Interest

Swiss Re Ltd. (OTCMKTS:SSREY) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 39,461 shares, an increase of 256.0% from the February 26th total of 11,083 shares. Based on an average daily volume of 106,353 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. The Goldman Sachs Group cut Swiss Re from a “hold” rating to a “sell” rating in a research note on Wednesday, January 21st. Berenberg Bank lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Oddo Bhf downgraded Swiss Re to a “neutral” rating in a report on Tuesday, December 9th. Citigroup lowered Swiss Re from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Swiss Re in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Swiss Re currently has a consensus rating of “Reduce”.

Swiss Re Trading Down 1.4%

Shares of SSREY stock opened at $40.11 on Friday. The company’s fifty day moving average price is $41.07 and its two-hundred day moving average price is $42.97. Swiss Re has a 12 month low of $37.56 and a 12 month high of $48.62.

Swiss Re Company Profile

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance‑linked securities.