Swiss Re Ltd. (OTCMKTS:SSREY) Shares Shorted: Short Interest Up 243.9% in October

Swiss Re Ltd. (OTCMKTS:SSREY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 158,334 shares, an increase of 243.9% from the September 30th total of 46,038 shares. Based on an average daily volume of 124,491 shares, the short-interest ratio is presently 1.3 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut shares of Swiss Re from a “hold” rating to a “moderate sell” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Swiss Re Stock Performance

Shares of OTCMKTS:SSREY opened at $45.67 on Friday. The firm’s 50 day moving average is $43.61 and its two-hundred day moving average is $41.34. Swiss Re has a 52 week low of $36.01 and a 52 week high of $48.62.

About Swiss Re

Swiss Re Ltd. is a global reinsurance and commercial insurance company headquartered in Zurich, Switzerland. The company helps insurers, businesses and public-sector organizations manage and transfer risks arising from natural disasters, climate change, health events, liability claims and other exposures.

Swiss Re’s principal activities include Property & Casualty Reinsurance and Life & Health Reinsurance. Through these businesses, it provides insurers with coverage, risk-management expertise and related services across areas such as catastrophe risk, specialty insurance, mortality, longevity and health.