Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) Sees Significant Increase in Short Interest

Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 92,700 shares, a growth of 112.1% from the September 15th total of 43,700 shares. Based on an average trading volume of 161,500 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 161,500 shares, the days-to-cover ratio is presently 0.6 days.

Zurich Insurance Group Price Performance

Zurich Insurance Group stock opened at $35.10 on Wednesday. Zurich Insurance Group has a 1 year low of $28.54 and a 1 year high of $37.21. The firm has a 50-day moving average of $35.88 and a two-hundred day moving average of $35.10.

Wall Street Analysts Forecast Growth

ZURVY has been the topic of a number of research reports. The Goldman Sachs Group downgraded shares of Zurich Insurance Group from a “neutral” rating to a “sell” rating in a report on Wednesday, July 2nd. Zacks Research upgraded shares of Zurich Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Zurich Insurance Group presently has an average rating of “Hold”.

About Zurich Insurance Group

Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments.