Swiss Re Ltd. (OTCMKTS:SSREY – Get Free Report) was the target of a large growth in short interest in 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. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 199,030 shares, the days-to-cover ratio is currently 0.0 days.
Swiss Re Stock Up 1.0%
Shares of OTCMKTS:SSREY traded up $0.38 during midday trading on Friday, reaching $39.37. 35,740 shares of the company’s stock were exchanged, compared to its average volume of 81,503. Swiss Re has a 12 month low of $36.01 and a 12 month high of $48.62. The company’s 50 day simple moving average is $38.93 and its two-hundred day simple moving average is $40.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 39.12 and a quick ratio of 39.12.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on SSREY. Citigroup reaffirmed a “neutral” rating on shares of Swiss Re in a research note on Friday, May 8th. UBS Group downgraded shares of Swiss Re from a “neutral” rating to a “sell” rating in a research report on Thursday, May 21st. Finally, Morgan Stanley restated an “underweight” rating on shares of Swiss Re in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.
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.
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