Swiss Life Holding AG (OTCMKTS:SZLMY) Short Interest Up 33.3% in May

Swiss Life Holding AG (OTCMKTS:SZLMY) was the target of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 2,000 shares, a growth of 33.3% from the May 15th total of 1,500 shares. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analyst Weigh In

SZLMY has been the subject of several research reports. BNP Paribas downgraded Swiss Life to a “neutral” rating in a report on Monday, June 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Swiss Life in a report on Thursday, May 15th.

Swiss Life Price Performance

SZLMY opened at $49.95 on Tuesday. Swiss Life has a fifty-two week low of $35.48 and a fifty-two week high of $52.95. The stock has a fifty day moving average of $49.18 and a 200-day moving average of $44.32.

Swiss Life Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were issued a dividend of $1.2653 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 2.55%. This is an increase from Swiss Life’s previous dividend of $1.13. Swiss Life’s dividend payout ratio (DPR) is currently 20.87%.

Swiss Life Company Profile

Swiss Life Holding AG provides life, pensions, and financial solutions for private and corporate clients. It operates through Switzerland, France, Germany, International, Asset Managers, and Other segments. The company offers a range of life, pension, health, annuity, and investment-type policies to groups and individuals, as well as disability coverage.