Munchener Ruckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Shorted: Short Interest Down 70.7% in October

Munchener Ruckversicherungs-Gesellschaft (OTCMKTS:MURGY) saw a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 364,475 shares, a decrease of 70.7% from the October 15th total of 1,243,647 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 575,419 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Munchener Ruckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research note on Monday, October 19th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Munchener Ruckversicherungs-Gesellschaft currently has a consensus rating of “Hold”.

Munchener Ruckversicherungs-Gesellschaft Price Performance

Shares of OTCMKTS:MURGY traded up $0.14 during trading on Friday, reaching $13.03. The company had a trading volume of 170,607 shares, compared to its average volume of 767,828. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $81.97 billion, a PE ratio of 5.19, a price-to-earnings-growth ratio of 2.29 and a beta of 0.32. The firm’s fifty day moving average is $12.04 and its 200 day moving average is $11.95. Munchener Ruckversicherungs-Gesellschaft has a twelve month low of $10.09 and a twelve month high of $13.68.

About Munchener Ruckversicherungs-Gesellschaft

Munich Re, formally Münchener Rückversicherungs-Gesellschaft, is a global reinsurance and insurance group founded in 1880 and headquartered in Munich, Germany. It provides reinsurance and related risk-management services to insurers, businesses and public-sector organizations. Its reinsurance business covers property and casualty risks as well as life and health insurance, offering products and services that help clients manage and transfer risk. The group also serves customers directly through ERGO, its primary insurance business, which offers insurance and other financial services.