Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) Sees Large Drop in Short Interest

Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 111,608 shares, a decline of 57.7% from the May 31st total of 264,102 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 301,485 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised Zurich Insurance Group from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Zurich Insurance Group has an average rating of “Reduce”.

Zurich Insurance Group Trading Up 0.5%

Zurich Insurance Group stock opened at $36.96 on Wednesday. Zurich Insurance Group has a 12-month low of $33.62 and a 12-month high of $38.29. The firm’s fifty day moving average is $35.54 and its 200 day moving average is $35.90. The company has a current ratio of 10.11, a quick ratio of 10.11 and a debt-to-equity ratio of 0.46.

About Zurich Insurance Group

Zurich Insurance Group is a global insurance company headquartered in Zurich, Switzerland, that provides a broad range of insurance and risk management products to individuals, small and medium-sized enterprises, large corporations and multinational clients. Founded in 1872, the company has grown into one of the world’s major insurers, offering both property & casualty and life insurance solutions alongside related services such as claims management and risk engineering.

Zurich’s core activities include general (non-life) insurance and life insurance products.