Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) Sees Large Increase in Short Interest

Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 116,468 shares, an increase of 103.6% from the August 31st total of 57,216 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 226,704 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ZURVY. Royal Bank Of Canada began coverage on shares of Zurich Insurance Group in a report on Tuesday, July 21st. They set a “moderate buy” rating on the stock. Zacks Research upgraded Zurich Insurance Group to a “hold” rating in a research report on Friday, September 18th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Zurich Insurance Group Stock Performance

Shares of OTCMKTS:ZURVY opened at $34.78 on Tuesday. The company has a 50 day moving average of $36.74 and a 200 day moving average of $36.11. Zurich Insurance Group has a 12 month low of $33.62 and a 12 month high of $38.70. The company has a quick ratio of 10.11, a current ratio of 10.11 and a debt-to-equity ratio of 0.46.

Zurich Insurance Group Company Profile

Zurich Insurance Group Ltd. is a Switzerland-based, global insurance company founded in 1872 and headquartered in Zurich. Through its subsidiaries and operating businesses, the group provides insurance and risk-management solutions to individuals, small and midsize businesses, commercial customers, multinational corporations and public-sector organizations.

Zurich’s principal activities include property and casualty insurance, life insurance, protection products, savings and retirement solutions, and related investment services.