Short Interest in M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Decreases By 58.6%

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 24,319 shares, a drop of 58.6% from the August 15th total of 58,737 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 2,070,967 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded M?nchener R?ckversicherungs-Gesellschaft from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

M?nchener R?ckversicherungs-Gesellschaft Stock Up 0.3%

OTCMKTS:MURGY traded up $0.03 during trading hours on Tuesday, reaching $11.81. The company’s stock had a trading volume of 362,205 shares, compared to its average volume of 768,615. The company has a market cap of $73.39 billion, a price-to-earnings ratio of 4.71, a price-to-earnings-growth ratio of 1.74 and a beta of 0.38. M?nchener R?ckversicherungs-Gesellschaft has a one year low of $10.09 and a one year high of $13.68. The business’s 50-day moving average is $11.85 and its 200-day moving average is $11.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 1.14.

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.11. M?nchener R?ckversicherungs-Gesellschaft had a net margin of 11.49% and a return on equity of 21.19%. The business had revenue of $17.65 billion for the quarter, compared to analyst estimates of $18.75 billion. Equities research analysts predict that M?nchener R?ckversicherungs-Gesellschaft will post 1.19 EPS for the current year.

About M?nchener R?ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft AG, known as Munich Re, is a Germany-based insurance group that provides reinsurance and primary insurance services. Through its reinsurance operations, the company helps insurance carriers manage and transfer risks arising from property damage, natural catastrophes, liability, life and health events, cyber incidents and other exposures.

Munich Re also serves individuals and businesses through its ERGO insurance group. ERGO offers products including property and casualty insurance, life insurance, health insurance and legal protection coverage.