Swiss Re AG (OTCMKTS:SSREY) Sees Significant Increase in Short Interest

Swiss Re AG (OTCMKTS:SSREY) was the recipient of a significant growth in short interest in November. As of November 30th, there was short interest totalling 56,200 shares, a growth of 1,552.9% from the November 15th total of 3,400 shares. Based on an average daily trading volume, of 44,200 shares, the short-interest ratio is presently 1.3 days.

Swiss Re Price Performance

Shares of OTCMKTS:SSREY traded down $0.15 on Wednesday, reaching $36.40. The company had a trading volume of 23,007 shares, compared to its average volume of 27,310. The stock has a 50-day moving average price of $34.36 and a 200 day moving average price of $32.81. Swiss Re has a twelve month low of $26.66 and a twelve month high of $37.94.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SSREY. Citigroup upgraded Swiss Re to a “strong-buy” rating in a report on Monday, November 18th. Berenberg Bank upgraded Swiss Re to a “strong-buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods upgraded shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a report on Wednesday, November 20th. UBS Group upgraded shares of Swiss Re from a “strong sell” rating to a “strong-buy” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group upgraded Swiss Re to a “strong sell” rating in a report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Swiss Re presently has an average rating of “Buy”.

About Swiss Re

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.