Swiss Re Ltd. (OTCMKTS:SSREY – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 4,140 shares, a growth of 413.6% from the May 31st total of 806 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 199,030 shares, the days-to-cover ratio is currently 0.0 days.
Swiss Re Stock Performance
OTCMKTS SSREY opened at $39.37 on Friday. The firm’s 50-day moving average is $38.93 and its two-hundred day moving average is $40.38. Swiss Re has a 12 month low of $36.01 and a 12 month high of $48.62. The company has a quick ratio of 39.12, a current ratio of 39.12 and a debt-to-equity ratio of 0.32.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Morgan Stanley reiterated an “underweight” rating on shares of Swiss Re in a report on Friday, May 8th. UBS Group lowered shares of Swiss Re from a “neutral” rating to a “sell” rating in a report on Thursday, May 21st. Finally, Citigroup restated a “neutral” rating on shares of Swiss Re in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.
Swiss Re Company Profile
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.
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