Short Interest in Swiss Re Ltd. (OTCMKTS:SSREY) Expands By 1,920.0%

Key Points

• Short interest in Swiss Re Ltd. increased by an astonishing 1,920.0% in July, rising from 1,000 shares to 20,200 shares.
• Swiss Re's stock price fell 0.9% to $44.57 following the report, with trading volume at 11,674 shares, significantly lower than its average of 28,764 shares.
• Analysts are divided on Swiss Re, with two strong sell ratings and only one buy rating, resulting in an average rating of "Hold".

Swiss Re Ltd. (OTCMKTS:SSREY - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 20,200 shares, agrowthof1,920.0% from the June 30th total of 1,000 shares. Based on an average daily trading volume, of 47,700 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 47,700 shares, the short-interest ratio is presently 0.4 days.

Swiss Re Stock Down 0.9%

Shares of Swiss Re stock traded down $0.40 on Friday, reaching $44.57. 11,674 shares of the stock were exchanged, compared to its average volume of 28,764. The firm's 50 day moving average is $43.85 and its 200-day moving average is $42.28. Swiss Re has a one year low of $29.00 and a one year high of $46.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 12.70 and a current ratio of 12.70.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays lowered Swiss Re from a "hold" rating to a "strong sell" rating in a research note on Thursday, June 12th. BNP Paribas lowered Swiss Re from a "hold" rating to a "strong sell" rating in a research note on Monday, June 2nd. Finally, Citigroup restated a "buy" rating on shares of Swiss Re in a report on Tuesday, May 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold".

Swiss Re Company Profile

Swiss Re AG, together with its subsidiaries, provides wholesale reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide. The company operates through three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.

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