Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) Sees Large Growth in Short Interest

Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 116,468 shares, a growth of 103.6% from the August 31st total of 57,216 shares. Based on an average trading volume of 226,704 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Zurich Insurance Group Trading Down 0.9%

ZURVY opened at $34.44 on Wednesday. The company has a quick ratio of 10.11, a current ratio of 10.11 and a debt-to-equity ratio of 0.46. Zurich Insurance Group has a 1 year low of $33.62 and a 1 year high of $38.70. The stock has a 50-day moving average price of $36.67 and a 200-day moving average price of $36.12.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank Of Canada initiated coverage on shares of Zurich Insurance Group in a report on Tuesday, July 21st. They issued a “moderate buy” rating on the stock. Zacks Research upgraded shares of Zurich Insurance Group to a “hold” rating in a report on Friday, September 18th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Zurich Insurance Group has a consensus rating of “Hold”.

Zurich Insurance Group Company Profile

Zurich Insurance Group Ltd. is a Switzerland-based, global insurance company founded in 1872 and headquartered in Zurich. Through its subsidiaries and operating businesses, the group provides insurance and risk-management solutions to individuals, small and midsize businesses, commercial customers, multinational corporations and public-sector organizations.

Zurich’s principal activities include property and casualty insurance, life insurance, protection products, savings and retirement solutions, and related investment services.