Swiss Re AG (OTCMKTS:SSREY) Short Interest Down 67.8% in January

Swiss Re AG (OTCMKTS:SSREY) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 7,800 shares, a drop of 67.8% from the December 31st total of 24,200 shares. Based on an average daily trading volume, of 48,300 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SSREY. Hsbc Global Res lowered shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. UBS Group raised shares of Swiss Re from a “strong sell” rating to a “strong-buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods raised shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group raised shares of Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. Finally, Citigroup raised shares of Swiss Re to a “strong-buy” rating in a report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy”.

Swiss Re Price Performance

Swiss Re stock traded down $0.35 during trading on Tuesday, reaching $38.76. The company had a trading volume of 29,435 shares, compared to its average volume of 23,167. The firm’s 50-day simple moving average is $36.75 and its 200 day simple moving average is $34.18. Swiss Re has a 1-year low of $26.66 and a 1-year high of $39.35.

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.