Swiss Re AG (OTCMKTS:SSREY) Short Interest Up 329.7% in March

Swiss Re AG (OTCMKTS:SSREY) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 39,100 shares, an increase of 329.7% from the February 28th total of 9,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 36,100 shares, the short-interest ratio is presently 1.1 days.

Swiss Re Price Performance

Shares of OTCMKTS:SSREY traded up $0.10 during trading on Friday, reaching $43.12. The company had a trading volume of 81,440 shares, compared to its average volume of 19,414. The company has a fifty day moving average of $39.96 and a two-hundred day moving average of $36.71. Swiss Re has a 12 month low of $26.66 and a 12 month high of $43.54.

Swiss Re Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Wednesday, April 16th will be given a dividend of $1.1544 per share. This is an increase from Swiss Re’s previous dividend of $1.00. The ex-dividend date is Wednesday, April 16th.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SSREY. Hsbc Global Res cut shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upgraded Swiss Re from a “strong sell” rating to a “hold” rating in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock 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.