Swiss Re Ltd. (OTCMKTS:SSREY – Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 158,334 shares, a growth of 243.9% from the September 30th total of 46,038 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 124,491 shares, the days-to-cover ratio is presently 1.3 days.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group downgraded shares of Swiss Re from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.
Check Out Our Latest Report on SSREY
Swiss Re Stock Down 1.0%
OTCMKTS:SSREY opened at $45.89 on Wednesday. Swiss Re has a fifty-two week low of $36.01 and a fifty-two week high of $48.62. The firm’s fifty day simple moving average is $43.54 and its 200-day simple moving average is $41.29.
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.
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