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) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 187,700 shares, anincreaseof412.8% from the July 15th total of 36,600 shares. Based on an average daily trading volume, of 269,600 shares, the days-to-cover ratio is presently 0.7 days. Approximately0.0% of the shares of the stock are short sold. Approximately0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 269,600 shares, the days-to-cover ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

ZURVY has been the topic of a number of research analyst reports. Barclays cut Zurich Insurance Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 11th. The Goldman Sachs Group cut Zurich Insurance Group from a "neutral" rating to a "sell" rating in a report on Wednesday, July 2nd.

Zurich Insurance Group Trading Up 1.3%

Shares of OTCMKTS ZURVY opened at $36.58 on Friday. Zurich Insurance Group has a 1-year low of $27.45 and a 1-year high of $36.70. The business has a 50-day moving average of $34.85 and a 200-day moving average of $34.12. The company has a quick ratio of 16.46, a current ratio of 16.46 and a debt-to-equity ratio of 0.48.

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.

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