Swiss Re Ltd. (OTCMKTS:SSREY) Shares Shorted: Short Interest Down 84.6% in October

Swiss Re Ltd. (OTCMKTS:SSREY) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 24,397 shares, a drop of 84.6% from the October 15th total of 158,334 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 66,632 shares, the days-to-cover ratio is presently 0.4 days.

Swiss Re Price Performance

OTCMKTS SSREY traded up $0.24 during midday trading on Friday, hitting $45.62. The company had a trading volume of 17,008 shares, compared to its average volume of 50,557. The firm has a 50-day moving average price of $44.21 and a 200-day moving average price of $41.70. Swiss Re has a twelve month low of $36.01 and a twelve month high of $49.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. DZ Bank cut shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Jefferies Financial Group cut Swiss Re from a “hold” rating to a “moderate sell” rating in a report on Wednesday, October 14th. Four analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Sell”.

About Swiss Re

Swiss Re is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, it provides risk-transfer and risk-management services to insurance companies, businesses and public-sector organizations. The company’s principal activities include property and casualty reinsurance, life and health reinsurance, and commercial insurance through its Corporate Solutions business. Its offerings help clients manage risks ranging from natural catastrophes and large commercial losses to mortality, health and longevity risks.