Swiss Re AG (OTCMKTS:SSREY - Get Free Report) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 7,800 shares, a decline of 67.8% from the December 15th total of 24,200 shares. Based on an average trading volume of 48,300 shares, the days-to-cover ratio is presently 0.2 days.
Swiss Re Stock Down 3.2 %
Shares of SSREY traded down $1.19 during midday trading on Monday, reaching $35.85. 21,681 shares of the stock were exchanged, compared to its average volume of 25,663. Swiss Re has a twelve month low of $26.66 and a twelve month high of $37.94. The stock's 50 day simple moving average is $35.95 and its 200 day simple moving average is $33.65.
Wall Street Analyst Weigh In
Several research firms have commented on SSREY. Citigroup upgraded Swiss Re to a "strong-buy" rating in a research note on Monday, November 18th. Keefe, Bruyette & Woods upgraded Swiss Re from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, November 20th. UBS Group upgraded shares of Swiss Re from a "strong sell" rating to a "strong-buy" rating in a report on Monday, November 11th. The Goldman Sachs Group raised Swiss Re from a "strong sell" rating to a "hold" rating in a research report on Friday, December 13th. Finally, Berenberg Bank upgraded Swiss Re to a "strong-buy" rating in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. According to MarketBeat, Swiss Re presently has a consensus rating of "Buy".
View Our Latest Research Report on SSREY
Swiss Re Company Profile
(
Get Free Report)
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.
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