Munchener Ruckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Shorted: Short Interest Down 70.7% in October

Munchener Ruckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 364,475 shares, a decrease of 70.7% from the October 15th total of 1,243,647 shares. Based on an average daily trading volume, of 575,419 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are short sold.

Munchener Ruckversicherungs-Gesellschaft Stock Up 1.1%

Shares of OTCMKTS:MURGY traded up $0.14 during trading on Friday, hitting $13.03. The company’s stock had a trading volume of 170,607 shares, compared to its average volume of 767,828. The business has a 50 day moving average price of $12.04 and a two-hundred day moving average price of $11.95. The company has a market capitalization of $81.97 billion, a PE ratio of 5.19, a P/E/G ratio of 2.29 and a beta of 0.32. Munchener Ruckversicherungs-Gesellschaft has a fifty-two week low of $10.09 and a fifty-two week high of $13.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Munchener Ruckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Munchener Ruckversicherungs-Gesellschaft has a consensus rating of “Hold”.

Munchener Ruckversicherungs-Gesellschaft Company Profile

Munich Re, formally Münchener Rückversicherungs-Gesellschaft, is a global reinsurance and insurance group founded in 1880 and headquartered in Munich, Germany. It provides reinsurance and related risk-management services to insurers, businesses and public-sector organizations. Its reinsurance business covers property and casualty risks as well as life and health insurance, offering products and services that help clients manage and transfer risk. The group also serves customers directly through ERGO, its primary insurance business, which offers insurance and other financial services.