Swiss Re Ltd. (OTCMKTS:SSREY) Shares Shorted: Short Interest Up 243.9% in October

Swiss Re Ltd. (OTCMKTS:SSREY) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 158,334 shares, a growth of 243.9% from the September 30th total of 46,038 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 124,491 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered Swiss Re from a “hold” rating to a “moderate sell” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Swiss Re currently has an average rating of “Reduce”.

Swiss Re Stock Down 1.0%

Swiss Re stock opened at $45.89 on Wednesday. Swiss Re has a twelve month low of $36.01 and a twelve month high of $48.62. The stock has a 50 day moving average of $43.54 and a two-hundred day moving average of $41.29.

Swiss Re Company Profile

Swiss Re Ltd. is a global reinsurance and commercial insurance company headquartered in Zurich, Switzerland. The company helps insurers, businesses and public-sector organizations manage and transfer risks arising from natural disasters, climate change, health events, liability claims and other exposures.

Swiss Re’s principal activities include Property & Casualty Reinsurance and Life & Health Reinsurance. Through these businesses, it provides insurers with coverage, risk-management expertise and related services across areas such as catastrophe risk, specialty insurance, mortality, longevity and health.