M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Shorted: Short Interest Up 1,807.9% in October

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 1,243,647 shares, a growth of 1,807.9% from the September 30th total of 65,185 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,042,275 shares, the days-to-cover ratio is presently 1.2 days.

M?nchener R?ckversicherungs-Gesellschaft Stock Down 0.0%

M?nchener R?ckversicherungs-Gesellschaft stock opened at $12.44 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a market cap of $78.23 billion, a P/E ratio of 4.95, a P/E/G ratio of 2.23 and a beta of 0.36. The business has a fifty day moving average of $11.84 and a two-hundred day moving average of $11.91. M?nchener R?ckversicherungs-Gesellschaft has a twelve month low of $10.09 and a twelve month high of $13.68.

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last issued its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.30 by $0.11. M?nchener R?ckversicherungs-Gesellschaft had a return on equity of 20.81% and a net margin of 11.49%. The firm had revenue of $17.65 billion during the quarter, compared to analyst estimates of $18.75 billion. On average, analysts forecast that M?nchener R?ckversicherungs-Gesellschaft will post 1.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered M?nchener R?ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

M?nchener R?ckversicherungs-Gesellschaft Company Profile

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, commonly known as Munich Re, is a Germany-based insurance group and one of the world’s major reinsurance providers. Through its reinsurance business, the company helps primary insurers manage and transfer risks arising from property damage, natural catastrophes, liability, accidents, life and health events, and other exposures.

Munich Re also provides specialty insurance and risk-management solutions, including coverage and services for corporate clients, infrastructure, cyber risks, and emerging technologies.