Short Interest in Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) Increases By 412.8%

Key Points

• Short interest in Zurich Insurance Group Ltd. increased by 412.8% in July, reaching a total of 187,700 shares, indicating heightened trading activity and sentiment.
• Analyst downgrades have affected Zurich Insurance Group, with Barclays and Goldman Sachs both reducing their ratings from "strong-buy" and "neutral" to "hold" and "sell," respectively.
• Despite the negative analyst sentiment, the stock is currently trading up 1.3% at $36.58, with a 1-year price range between $27.45 and $36.70.

Zurich Insurance Group Ltd. (OTCMKTS:ZURVY - Get Free Report) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 187,700 shares, agrowthof412.8% from the July 15th total of 36,600 shares. Based on an average trading volume of 269,600 shares, the short-interest ratio is presently 0.7 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average trading volume of 269,600 shares, the short-interest ratio is presently 0.7 days.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ZURVY shares. Barclays downgraded Zurich Insurance Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 11th. The Goldman Sachs Group cut Zurich Insurance Group from a "neutral" rating to a "sell" rating in a research report on Wednesday, July 2nd. Finally, Zacks Research raised Zurich Insurance Group to a "hold" rating in a research report on Tuesday, August 12th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce".

Zurich Insurance Group Stock Performance

OTCMKTS ZURVY traded up $0.09 during trading on Tuesday, hitting $36.53. 5,686 shares of the company traded hands, compared to its average volume of 179,987. Zurich Insurance Group has a 12 month low of $28.01 and a 12 month high of $36.75. The business has a fifty day simple moving average of $34.90 and a 200 day simple moving average of $34.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 16.46 and a quick ratio of 16.46.

About Zurich Insurance Group

Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments.