Swiss Re Ltd. (OTCMKTS:SSREY) Sees Significant Decline in Short Interest

Swiss Re Ltd. (OTCMKTS:SSREY) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 18,897 shares, a drop of 42.5% from the July 15th total of 32,837 shares. Based on an average daily volume of 59,124 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SSREY shares. Morgan Stanley reissued an “underweight” rating on shares of Swiss Re in a research report on Friday, May 8th. Citigroup reiterated a “neutral” rating on shares of Swiss Re in a research note on Friday, May 8th. Finally, UBS Group lowered shares of Swiss Re from a “neutral” rating to a “sell” rating in a research report 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Swiss Re Stock Performance

Shares of SSREY opened at $42.89 on Monday. Swiss Re has a fifty-two week low of $36.01 and a fifty-two week high of $48.62. The business has a 50-day moving average of $40.45 and a 200 day moving average of $40.59. The company has a debt-to-equity ratio of 0.32, a current ratio of 39.12 and a quick ratio of 39.12.

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.