Swiss Re Ltd. (OTCMKTS:SSREY) Sees Large Growth in Short Interest

Swiss Re Ltd. (OTCMKTS:SSREY) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 39,870 shares, a growth of 2,064.5% from the December 31st total of 1,842 shares. Based on an average trading volume of 102,264 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 102,264 shares, the short-interest ratio is presently 0.4 days.

Swiss Re Stock Performance

SSREY opened at $39.65 on Thursday. Swiss Re has a 1-year low of $37.56 and a 1-year high of $48.62. The firm has a 50-day moving average price of $41.12 and a two-hundred day moving average price of $44.12.

Wall Street Analysts Forecast Growth

SSREY has been the subject of a number of analyst reports. Berenberg Bank cut Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. UBS Group downgraded shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 17th. The Goldman Sachs Group lowered shares of Swiss Re from a “hold” rating to a “sell” rating in a research report on Wednesday, January 21st. DZ Bank raised shares of Swiss Re from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Finally, Oddo Bhf downgraded Swiss Re to a “neutral” rating in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Swiss Re 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.