Swiss Re Ltd. (OTCMKTS:SSREY) Short Interest Down 91.1% in April

Swiss Re Ltd. (OTCMKTS:SSREY) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 3,633 shares, a decline of 91.1% from the April 15th total of 41,049 shares. Based on an average trading volume of 70,340 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Swiss Re Trading Down 0.4%

Shares of SSREY stock traded down $0.17 on Wednesday, hitting $38.29. The company had a trading volume of 86,037 shares, compared to its average volume of 49,261. The company has a 50-day moving average price of $41.33 and a 200-day moving average price of $41.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 39.12 and a current ratio of 39.12. Swiss Re has a twelve month low of $38.10 and a twelve month high of $48.62.

Analyst Ratings Changes

A number of brokerages have commented on SSREY. Morgan Stanley reaffirmed an “underweight” rating on shares of Swiss Re in a research report on Friday. The Goldman Sachs Group cut Swiss Re from a “hold” rating to a “sell” rating in a research report on Wednesday, January 21st. Finally, Citigroup reissued a “neutral” rating on shares of Swiss Re in a report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.