Swiss Re Ltd. (OTCMKTS:SSREY) Sees Large Decrease in Short Interest

Swiss Re Ltd. (OTCMKTS:SSREY) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,779 shares, a decrease of 51.0% from the April 30th total of 3,633 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 109,421 shares, the short-interest ratio is currently 0.0 days.

Swiss Re Stock Down 2.0%

Shares of OTCMKTS SSREY opened at $36.19 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 39.12 and a quick ratio of 39.12. The stock has a fifty day simple moving average of $40.42 and a two-hundred day simple moving average of $41.17. Swiss Re has a 1-year low of $36.13 and a 1-year high of $48.62.

Analyst Upgrades and Downgrades

SSREY has been the subject of several analyst reports. UBS Group downgraded shares of Swiss Re from a “neutral” rating to a “sell” rating in a report on Thursday, May 21st. Citigroup reiterated a “neutral” rating on shares of Swiss Re in a report on Friday, May 8th. Finally, Morgan Stanley restated an “underweight” rating on shares of Swiss Re in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Swiss Re currently has an average rating of “Reduce”.

Swiss Re Company Profile

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.