Swiss Re Ltd. (OTCMKTS:SSREY) Sees Significant Decline in Short Interest

Swiss Re Ltd. (OTCMKTS:SSREY) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 806 shares, a decline of 54.7% from the May 14th total of 1,779 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 141,922 shares, the days-to-cover ratio is currently 0.0 days.

Swiss Re Price Performance

Shares of SSREY opened at $37.95 on Friday. The company has a quick ratio of 39.12, a current ratio of 39.12 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $39.73 and a 200 day moving average of $40.70. Swiss Re has a 12 month low of $36.01 and a 12 month high of $48.62.

Wall Street Analyst Weigh In

SSREY has been the subject of a number of recent analyst reports. UBS Group downgraded Swiss Re from a “neutral” rating to a “sell” rating in a research report on Thursday, May 21st. Citigroup reaffirmed a “neutral” rating on shares of Swiss Re in a report on Friday, May 8th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Swiss Re in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Swiss Re Company Profile

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.