Short Interest in Swiss Re Ltd. (OTCMKTS:SSREY) Grows By 1,164.8%

Swiss Re Ltd. (OTCMKTS:SSREYGet Free Report) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 52,364 shares, an increase of 1,164.8% from the June 15th total of 4,140 shares. Based on an average daily volume of 118,337 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley reissued an “underweight” rating on shares of Swiss Re in a research report on Friday, May 8th. UBS Group cut shares of Swiss Re from a “neutral” rating to a “sell” rating in a research note on Thursday, May 21st. Finally, Citigroup restated a “neutral” rating on shares of Swiss Re in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Read Our Latest Report on Swiss Re

Swiss Re Stock Up 1.2%

OTCMKTS SSREY traded up $0.49 on Friday, reaching $41.07. The company’s stock had a trading volume of 34,852 shares, compared to its average volume of 55,085. Swiss Re has a 52 week low of $36.01 and a 52 week high of $48.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 39.12 and a current ratio of 39.12. The business has a 50-day moving average price of $38.78 and a 200 day moving average price of $40.38.

About Swiss Re

(Get Free Report)

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.

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