Swiss Re AG (OTCMKTS:SSREY – Get Free Report) 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.
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Swiss Re Stock Down 0.6 %
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.
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