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

Swiss Re Ltd. (OTCMKTS:SSREY) saw a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 806 shares, a decline of 54.7% from the May 14th total of 1,779 shares. Based on an average daily trading volume, of 141,922 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. UBS Group cut Swiss Re from a “neutral” rating to a “sell” rating in a report on Thursday, May 21st. Morgan Stanley reiterated an “underweight” rating on shares of Swiss Re in a report on Friday, May 8th. Finally, Citigroup reiterated a “neutral” rating on shares of Swiss Re in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, Swiss Re presently has a consensus rating of “Reduce”.

Swiss Re Stock Performance

Shares of Swiss Re stock opened at $37.95 on Monday. Swiss Re has a one year low of $36.01 and a one year high of $48.62. The company has a current ratio of 39.12, a quick ratio of 39.12 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average price is $39.73 and its 200 day moving average price is $40.69.

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.