Swiss Re AG (OTCMKTS:SSREY) Short Interest Up 239.1% in April

Swiss Re AG (OTCMKTS:SSREY - Get Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 31,200 shares, a growth of 239.1% from the March 31st total of 9,200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 104,700 shares, the days-to-cover ratio is currently 0.3 days.

Swiss Re Price Performance

Shares of SSREY stock opened at $43.88 on Friday. Swiss Re has a 12-month low of $27.00 and a 12-month high of $44.85. The firm has a 50-day moving average price of $41.76 and a 200 day moving average price of $38.06.

Swiss Re Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 24th. Shareholders of record on Wednesday, April 16th were paid a $1.1544 dividend. The ex-dividend date was Wednesday, April 16th. This is a positive change from Swiss Re's previous dividend of $1.00.

Analyst Ratings Changes

Separately, Hsbc Global Res cut Swiss Re from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Swiss Re currently has a consensus rating of "Buy".

Swiss Re Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.