Short Interest in Swiss Re Ltd. (OTCMKTS:SSREY) Expands By 1,164.8%

Swiss Re Ltd. (OTCMKTS:SSREY) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 52,364 shares, an increase of 1,164.8% from the June 15th total of 4,140 shares. Based on an average daily trading volume, of 118,337 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SSREY shares. Citigroup reaffirmed a “neutral” rating on shares of Swiss Re in a research report on Friday, May 8th. Morgan Stanley reissued an “underweight” rating on shares of Swiss Re in a report on Friday, May 8th. Finally, UBS Group downgraded Swiss Re from a “neutral” rating to a “sell” rating in a research note on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Swiss Re currently has a consensus rating of “Reduce”.

Swiss Re Stock Up 1.2%

SSREY stock traded up $0.49 during mid-day trading on Friday, reaching $41.07. The company had a trading volume of 34,852 shares, compared to its average volume of 55,085. Swiss Re has a one year low of $36.01 and a one year high of $48.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 39.12 and a current ratio of 39.12. The stock’s 50-day simple moving average is $38.78 and its two-hundred day simple moving average is $40.38.

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.