Short Interest in Swiss Re AG (OTCMKTS:SSREY) Drops By 71.9%

Swiss Re AG (OTCMKTS:SSREY) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,400 shares, a drop of 71.9% from the October 31st total of 12,100 shares. Based on an average daily volume of 55,700 shares, the short-interest ratio is presently 0.1 days.

Swiss Re Stock Performance

Shares of SSREY stock traded up $0.20 on Friday, reaching $36.45. 14,705 shares of the company’s stock traded hands, compared to its average volume of 26,469. The business’s 50 day moving average price is $33.94 and its two-hundred day moving average price is $32.36. Swiss Re has a 12-month low of $26.66 and a 12-month high of $36.72.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SSREY. Citigroup raised Swiss Re to a “strong-buy” rating in a research note on Monday, November 18th. The Goldman Sachs Group upgraded shares of Swiss Re to a “strong sell” rating in a research note on Wednesday, September 18th. Keefe, Bruyette & Woods upgraded shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a report on Wednesday, November 20th. Berenberg Bank upgraded Swiss Re to a “strong-buy” rating in a research report on Monday, November 11th. Finally, UBS Group upgraded shares of Swiss Re from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Swiss Re has an average rating of “Buy”.

About Swiss Re

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.