Swiss Re Ltd. (OTCMKTS:SSREY) Stock Short Interest Drops 84.6%

Swiss Re Ltd. (OTCMKTS:SSREY) saw a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 24,397 shares, a decrease of 84.6% from the October 15th total of 158,334 shares. Based on an average daily volume of 66,632 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Swiss Re Price Performance

Shares of OTCMKTS:SSREY traded up $0.11 during midday trading on Thursday, hitting $45.42. The stock had a trading volume of 5,056 shares, compared to its average volume of 50,621. Swiss Re has a 12 month low of $36.01 and a 12 month high of $49.18. The business’s 50-day simple moving average is $44.18 and its 200-day simple moving average is $41.67.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SSREY shares. Jefferies Financial Group lowered Swiss Re from a “hold” rating to a “moderate sell” rating in a research report on Wednesday, October 14th. DZ Bank downgraded shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Swiss Re has an average rating of “Strong Sell”.

Swiss Re Company Profile

Swiss Re is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, it provides risk-transfer and risk-management services to insurance companies, businesses and public-sector organizations. The company’s principal activities include property and casualty reinsurance, life and health reinsurance, and commercial insurance through its Corporate Solutions business. Its offerings help clients manage risks ranging from natural catastrophes and large commercial losses to mortality, health and longevity risks.