Swiss Re AG (OTCMKTS:SSREY) Sees Large Decrease in Short Interest

Swiss Re AG (OTCMKTS:SSREY - Get Free Report) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 7,800 shares, a drop of 67.8% from the December 31st total of 24,200 shares. Based on an average daily trading volume, of 48,300 shares, the short-interest ratio is presently 0.2 days.

Swiss Re Stock Up 0.3 %

SSREY traded up $0.10 on Friday, hitting $38.71. 8,535 shares of the company's stock traded hands, compared to its average volume of 20,663. The company's 50 day simple moving average is $36.99 and its 200-day simple moving average is $34.35. Swiss Re has a one year low of $26.66 and a one year high of $39.35.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SSREY. UBS Group raised Swiss Re from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, November 11th. 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 raised Swiss Re from a "strong sell" rating to a "hold" rating in a research report on Friday, December 13th. Hsbc Global Res cut Swiss Re from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Finally, Berenberg Bank raised Swiss Re to a "strong-buy" rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy".

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.