Swiss Re Ltd. (OTCMKTS:SSREY) Sees Large Drop in Short Interest

Swiss Re Ltd. (OTCMKTS:SSREY) saw a large decrease in short interest in December. As of December 15th, there was short interest totaling 64 shares, a decrease of 92.1% from the November 30th total of 810 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 181,072 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 181,072 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SSREY shares. Oddo Bhf cut Swiss Re to a “neutral” rating in a research note on Tuesday, December 9th. DZ Bank raised Swiss Re from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. UBS Group cut Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Berenberg Bank lowered shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Swiss Re in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Swiss Re currently has an average rating of “Reduce”.

Swiss Re Price Performance

Shares of OTCMKTS SSREY traded down $0.02 during midday trading on Friday, hitting $42.08. 4,445 shares of the company’s stock were exchanged, compared to its average volume of 32,039. The firm’s fifty day simple moving average is $43.99 and its 200-day simple moving average is $44.54. Swiss Re has a twelve month low of $35.39 and a twelve month high of $48.62.

About Swiss Re

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance?linked securities.