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

Swiss Re AG (OTCMKTS:SSREY) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 12,200 shares, a growth of 56.4% from the December 31st total of 7,800 shares. Based on an average daily volume of 54,100 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

SSREY has been the subject of several analyst reports. Hsbc Global Res lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group upgraded shares of Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. Keefe, Bruyette & Woods raised shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a research 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, Berenberg Bank raised Swiss Re to a “strong-buy” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

Swiss Re Price Performance

Swiss Re stock opened at $38.71 on Friday. Swiss Re has a one year low of $26.66 and a one year high of $39.35. The stock’s 50 day moving average price is $36.99 and its 200 day moving average price is $34.35.

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.