Short Interest in Swiss Re AG (OTCMKTS:SSREY) Decreases By 44.5%

Swiss Re AG (OTCMKTS:SSREY - Get Free Report) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 9,100 shares, a decrease of 44.5% from the February 13th total of 16,400 shares. Based on an average daily volume of 28,200 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SSREY shares. Hsbc Global Res cut Swiss Re from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised Swiss Re from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, November 20th. The Goldman Sachs Group upgraded Swiss Re from a "strong sell" rating to a "hold" rating in a research note on Friday, December 13th. Finally, Citigroup upgraded Swiss Re to a "strong-buy" rating in a research note on Monday, November 18th. Three analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Swiss Re currently has an average rating of "Buy".

Swiss Re Trading Up 1.1 %

Shares of SSREY stock traded up $0.47 during trading hours on Tuesday, hitting $42.28. The stock had a trading volume of 10,514 shares, compared to its average volume of 18,678. Swiss Re has a one year low of $26.66 and a one year high of $42.37. The stock's 50-day moving average price is $39.01 and its two-hundred day moving average price is $36.27.

Remove Ads

About Swiss Re

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.