Swiss Re Ltd. (OTCMKTS:SSREY) Sees Large Drop in Short Interest

Swiss Re Ltd. (OTCMKTS:SSREY) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 1,779 shares, a drop of 51.0% from the April 30th total of 3,633 shares. Based on an average trading volume of 109,421 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several analysts have weighed in on the company. UBS Group downgraded Swiss Re from a “neutral” rating to a “sell” rating in a research note on Thursday, May 21st. Morgan Stanley restated an “underweight” rating on shares of Swiss Re in a research note on Friday, May 8th. Finally, Citigroup restated a “neutral” rating on shares of Swiss Re in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Swiss Re presently has an average rating of “Reduce”.

Swiss Re Price Performance

OTCMKTS:SSREY traded down $0.53 during mid-day trading on Monday, reaching $36.93. 133,744 shares of the stock were exchanged, compared to its average volume of 61,913. The business has a fifty day moving average price of $40.51 and a 200 day moving average price of $41.24. Swiss Re has a 1-year low of $36.73 and a 1-year high of $48.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 39.12 and a quick ratio of 39.12.

About Swiss Re

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance‑linked securities.