Short Interest in M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Drops By 92.8%

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 7,407 shares, a decrease of 92.8% from the April 30th total of 102,395 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,804,744 shares, the days-to-cover ratio is currently 0.0 days.

M?nchener R?ckversicherungs-Gesellschaft Price Performance

Shares of M?nchener R?ckversicherungs-Gesellschaft stock traded down $0.15 during trading on Friday, hitting $10.46. The stock had a trading volume of 1,439,868 shares, compared to its average volume of 618,813. The firm has a market cap of $65.00 billion, a price-to-earnings ratio of 4.25, a P/E/G ratio of 1.58 and a beta of 0.46. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. M?nchener R?ckversicherungs-Gesellschaft has a 12 month low of $10.45 and a 12 month high of $14.41. The business’s 50-day moving average is $12.16 and its 200 day moving average is $12.43.

M?nchener R?ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last released its quarterly earnings results on Tuesday, May 12th. The financial services provider reported $1.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $1.25. M?nchener R?ckversicherungs-Gesellschaft had a return on equity of 21.44% and a net margin of 11.28%.The business had revenue of $22.07 billion for the quarter, compared to the consensus estimate of $19.86 billion. As a group, sell-side analysts anticipate that M?nchener R?ckversicherungs-Gesellschaft will post 1.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

MURGY has been the topic of several research analyst reports. Erste Group Bank cut shares of M?nchener R?ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. Zacks Research cut shares of M?nchener R?ckversicherungs-Gesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

About M?nchener R?ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft (OTCMKTS:MURGY), commonly known as Munich Re, is a global reinsurance company headquartered in Munich, Germany. The firm’s core business is providing reinsurance solutions to primary insurers, covering property–casualty and life & health risks. Munich Re also offers specialty reinsurance products for complex or large-scale exposures and develops tailored risk-transfer solutions for clients facing catastrophic, industrial, or longevity risks.

In addition to its reinsurance operations, Munich Re conducts primary insurance activities through its ERGO Group subsidiary, which markets life, health, property & casualty, and legal protection insurance to retail and corporate customers.