Short Interest in Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Decreases By 16.7%

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 47,500 shares, a decline of 16.7% from the November 30th total of 57,000 shares. Based on an average daily volume of 302,500 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

MURGY has been the topic of a number of research analyst reports. UBS Group cut Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 19th. Berenberg Bank cut shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group downgraded Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “buy” rating to a “hold” rating in a research note on Monday, October 21st.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Stock Performance

MURGY stock traded down $0.21 during midday trading on Friday, hitting $10.27. The company’s stock had a trading volume of 385,698 shares, compared to its average volume of 277,842. The stock has a market cap of $68.69 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 1.94 and a beta of 1.02. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.20. The stock’s 50-day moving average price is $10.32 and its 200 day moving average price is $10.29. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 1 year low of $8.18 and a 1 year high of $11.14.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It also offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, MIRA digital suite, MIRA POS, MIRApply insured and physician, claims risk adjustment, CLARA plus, data analytics, underwriting and claims, medical research, capital management, and health market.