Short Interest in Swiss Re AG (OTCMKTS:SSREY) Declines By 44.5%

Swiss Re AG (OTCMKTS:SSREY) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 9,100 shares, a decrease of 44.5% from the February 13th total of 16,400 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 28,200 shares, the days-to-cover ratio is currently 0.3 days.

Swiss Re Stock Down 0.6 %

SSREY traded down $0.23 on Friday, hitting $41.50. The company had a trading volume of 28,589 shares, compared to its average volume of 18,962. Swiss Re has a 1-year low of $26.66 and a 1-year high of $41.86. The company’s fifty day moving average price is $38.79 and its 200 day moving average price is $36.14.

Wall Street Analysts Forecast Growth

SSREY has been the topic of several recent analyst reports. Hsbc Global Res downgraded shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Citigroup upgraded Swiss Re to a “strong-buy” rating in a research note on Monday, November 18th. Finally, The Goldman Sachs Group upgraded Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.