Short Interest in Swiss Re Ltd. (OTCMKTS:SSREY) Declines By 42.5%

Swiss Re Ltd. (OTCMKTS:SSREY) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 18,897 shares, a decrease of 42.5% from the July 15th total of 32,837 shares. Based on an average daily volume of 59,124 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of analysts have commented on SSREY shares. Citigroup reiterated a “neutral” rating on shares of Swiss Re in a research note on Friday, May 8th. UBS Group downgraded Swiss Re from a “neutral” rating to a “sell” rating in a report on Thursday, May 21st. Finally, Morgan Stanley reissued an “underweight” rating on shares of Swiss Re in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Swiss Re Stock Up 0.5%

OTCMKTS:SSREY opened at $43.45 on Wednesday. The company has a quick ratio of 39.12, a current ratio of 39.12 and a debt-to-equity ratio of 0.32. The stock’s 50-day simple moving average is $40.71 and its 200 day simple moving average is $40.64. Swiss Re has a twelve month low of $36.01 and a twelve month high of $48.62.

About Swiss Re

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance‑linked securities.