M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Shares Shorted: Short Interest Up 96.7% in September

Key Points

• Short interest nearly doubled in September, rising 96.7% to 65,185 shares as of September 30, though short interest represented approximately 0.0% of shares outstanding.
• Analyst sentiment remained neutral: Zacks upgraded the stock from “strong sell” to “hold,” while the broader consensus was also “Hold” based on one Buy and two Hold ratings.
• Munich Re shares traded near $11.86, within a 52-week range of $10.09 to $13.68. The company exceeded quarterly EPS expectations, reporting $0.41 versus the $0.30 consensus estimate, despite revenue falling short of forecasts.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 65,185 shares, a growth of 96.7% from the September 15th total of 33,141 shares. Based on an average trading volume of 2,922,752 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of M�nchener R�ckversicherungs-Gesellschaft from a "strong sell" rating to a "hold" rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

M�nchener R�ckversicherungs-Gesellschaft Stock Performance

M�nchener R�ckversicherungs-Gesellschaft stock traded down $0.02 during midday trading on Wednesday, reaching $11.86. 845,725 shares of the company's stock were exchanged, compared to its average volume of 806,660. The stock's 50-day simple moving average is $11.78 and its 200 day simple moving average is $11.69. The firm has a market cap of $74.61 billion, a price-to-earnings ratio of 4.73, a P/E/G ratio of 1.92 and a beta of 0.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14. M�nchener R�ckversicherungs-Gesellschaft has a 52 week low of $10.09 and a 52 week high of $13.68.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.11. M�nchener R�ckversicherungs-Gesellschaft had a return on equity of 20.81% and a net margin of 11.49%. The firm had revenue of $17.65 billion for the quarter, compared to analyst estimates of $18.75 billion. On average, analysts expect that M�nchener R�ckversicherungs-Gesellschaft will post 1.20 earnings per share for the current fiscal year.

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft AG, known internationally as Munich Re, is a Germany-based insurance group whose core business is reinsurance. Through its reinsurance operations, the company helps insurance providers manage and transfer risks arising from natural catastrophes, climate-related events, large property losses, liability claims, health expenses, and other complex exposures.

Munich Re also operates a primary insurance business through ERGO Group. ERGO provides insurance and related financial services to individuals and businesses, including life, health, property and casualty, legal expenses, and travel insurance.

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