Short Interest in Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) Rises By 112.1%

Key Points

• Short interest in Zurich Insurance Group Ltd. increased by 112.1% in September, totaling 92,700 shares as of September 30.
• The stock has recently been upgraded from a "hold" to a "strong-buy" rating by Zacks Research, while Goldman Sachs downgraded it from "neutral" to "sell".
• As of Monday, ZURVY stock opened at $35.15 and has experienced a 52-week range between $28.54 and $37.21.

Zurich Insurance Group Ltd. (OTCMKTS:ZURVY - Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 92,700 shares, an increase of 112.1% from the September 15th total of 43,700 shares. Based on an average daily volume of 161,500 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 161,500 shares, the days-to-cover ratio is currently 0.6 days.

Zurich Insurance Group Stock Up 0.2%

Shares of ZURVY stock opened at $35.15 on Monday. Zurich Insurance Group has a fifty-two week low of $28.54 and a fifty-two week high of $37.21. The stock has a 50-day simple moving average of $35.89 and a 200 day simple moving average of $35.08.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ZURVY. Zacks Research upgraded Zurich Insurance Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th. The Goldman Sachs Group cut Zurich Insurance Group from a "neutral" rating to a "sell" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

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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