Short Interest in Swiss Re AG (OTCMKTS:SSREY) Expands By 200.8%

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

Analyst Ratings Changes

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

Swiss Re Stock Performance

Shares of OTCMKTS:SSREY traded down $0.20 during mid-day trading on Friday, hitting $32.23. 13,465 shares of the company traded hands, compared to its average volume of 27,612. The firm’s 50 day simple moving average is $33.80 and its 200 day simple moving average is $31.29. Swiss Re has a 52-week low of $26.66 and a 52-week high of $35.01.

About Swiss Re

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.