Swiss Life Holding AG (OTCMKTS:SZLMY) Short Interest Down 76.4% in August

Swiss Life Holding AG (OTCMKTS:SZLMY) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 1,300 shares, a decrease of 76.4% from the August 15th total of 5,500 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is currently 1.3 days.

OTCMKTS:SZLMY traded up $0.14 during mid-day trading on Wednesday, hitting $25.55. The stock had a trading volume of 862 shares, compared to its average volume of 2,232. Swiss Life has a twelve month low of $16.43 and a twelve month high of $27.65. The stock has a 50-day simple moving average of $25.83 and a two-hundred day simple moving average of $25.38.

SZLMY has been the topic of several research reports. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Swiss Life in a research report on Tuesday, September 7th. Berenberg Bank reaffirmed a “buy” rating on shares of Swiss Life in a report on Thursday, August 19th. Finally, Morgan Stanley raised shares of Swiss Life to an “equal weight” rating in a report on Wednesday, July 21st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Swiss Life Company Profile

Swiss Life Holding AG engages in the provision of life insurances, pensions, and financial solutions. It operates through the following segments: Switzerland, Germany, France, International and Asset Managers. The Switzerland, France and Germany segments provides life insurance operations and distribution units.

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