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

Swiss Re AG (OTCMKTS:SSREY) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 16,400 shares, an increase of 45.1% from the January 31st total of 11,300 shares. Based on an average trading volume of 36,000 shares, the short-interest ratio is presently 0.5 days.

Swiss Re Price Performance

OTCMKTS:SSREY opened at $40.89 on Tuesday. Swiss Re has a 1-year low of $26.66 and a 1-year high of $41.37. The firm has a 50-day moving average of $37.98 and a two-hundred day moving average of $35.70.

Wall Street Analyst Weigh In

SSREY has been the topic of several recent research reports. Citigroup upgraded shares of Swiss Re to a “strong-buy” rating in a report on Monday, November 18th. UBS Group raised Swiss Re from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, November 11th. The Goldman Sachs Group upgraded Swiss Re from a “strong sell” rating to a “hold” rating in a research note on Friday, December 13th. Berenberg Bank raised Swiss Re to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods raised shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Three equities research 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, the company presently 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.