Swiss Life Holding AG (OTCMKTS:SZLMY) Sees Significant Decline in Short Interest

Swiss Life Holding AG (OTCMKTS:SZLMY) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 2,102 shares, a decline of 55.5% from the September 30th total of 4,720 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 43,895 shares, the days-to-cover ratio is presently 0.0 days.

Swiss Life Price Performance

Shares of SZLMY opened at $57.82 on Friday. Swiss Life has a 1 year low of $50.75 and a 1 year high of $61.12. The company’s fifty day moving average is $55.75 and its two-hundred day moving average is $55.90.

Analysts Set New Price Targets

Separately, Barclays raised shares of Swiss Life to a “strong-buy” rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Swiss Life Company Profile

Swiss Life is a Switzerland-based insurance and financial services group headquartered in Zurich. Founded in 1857, the company provides insurance, retirement planning and financial advice to individuals, companies and institutional clients.

Its core activities include life insurance, occupational and private pension solutions, disability and income protection, and property and casualty insurance, particularly in Switzerland. Swiss Life also offers financial planning and advisory services through its distribution network, as well as asset management and investment solutions for institutional and private clients.

Swiss Life primarily serves customers in Switzerland, France and Germany, while also providing international insurance and employee-benefits solutions in selected markets.