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

Swiss Re AG (OTCMKTS:SSREY) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 38,500 shares, an increase of 200.8% from the September 30th total of 12,800 shares. Based on an average daily trading volume, of 37,900 shares, the short-interest ratio is currently 1.0 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Swiss Re to a “strong sell” rating in a report on Wednesday, September 18th.

Swiss Re Stock Down 0.6 %

Shares of OTCMKTS:SSREY traded down $0.20 during trading on Friday, hitting $32.23. 13,465 shares of the company were exchanged, compared to its average volume of 27,612. Swiss Re has a fifty-two week low of $26.66 and a fifty-two week high of $35.01. The firm has a fifty day moving average price of $33.82 and a two-hundred day moving average price of $31.31.

Swiss Re Company Profile

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.