M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Short Interest Jumps 1,807.9%

Key Points

• Short interest surged 1,807.9% to 1,243,647 shares as of October 15, up from 65,185 shares at the end of September. Despite the increase, short interest represented approximately 0.0% of shares outstanding, with a 1.2-day days-to-cover ratio.
• Munich Re shares traded at $12.44, near the upper end of their 12-month range of $10.09 to $13.68. The company reported quarterly EPS of $0.41, beating analyst expectations of $0.30, while revenue of $17.65 billion fell short of estimates.
• Analyst sentiment is mixed: Zacks Research downgraded the stock to “strong sell”, while the broader analyst consensus remains “Hold,” with one Buy, one Hold, and one Sell rating.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 1,243,647 shares, a growth of 1,807.9% from the September 30th total of 65,185 shares. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 1,042,275 shares, the days-to-cover ratio is presently 1.2 days.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

Shares of MURGY stock traded down $0.00 during trading hours on Monday, reaching $12.44. The stock had a trading volume of 410,057 shares, compared to its average volume of 515,955. The firm has a market capitalization of $78.23 billion, a PE ratio of 4.96, a PEG ratio of 2.23 and a beta of 0.36. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.22. The stock's fifty day simple moving average is $11.84 and its 200 day simple moving average is $11.91. M�nchener R�ckversicherungs-Gesellschaft has a 12 month low of $10.09 and a 12 month high of $13.68.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY - Get Free Report) last issued its earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping 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 business had revenue of $17.65 billion during the quarter, compared to analyst estimates of $18.75 billion. On average, equities research analysts predict that M�nchener R�ckversicherungs-Gesellschaft will post 1.18 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a "hold" rating to a "strong sell" rating in a report on Monday, October 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, commonly known as Munich Re, is a Germany-based insurance group and one of the world's major reinsurance providers. Through its reinsurance business, the company helps primary insurers manage and transfer risks arising from property damage, natural catastrophes, liability, accidents, life and health events, and other exposures.

Munich Re also provides specialty insurance and risk-management solutions, including coverage and services for corporate clients, infrastructure, cyber risks, and emerging technologies.

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