Short Interest in Swiss Re AG (OTCMKTS:SSREY) Drops By 76.5%

Swiss Re AG (OTCMKTS:SSREY - Get Free Report) was the recipient of a significant drop in short interest in March. As of March 31st, there was short interest totalling 9,200 shares, a drop of 76.5% from the March 15th total of 39,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 41,700 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Hsbc Global Res downgraded Swiss Re from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Swiss Re has a consensus rating of "Buy".

Swiss Re Price Performance

Swiss Re stock traded up $0.83 during mid-day trading on Friday, reaching $43.38. 18,330 shares of the company's stock traded hands, compared to its average volume of 24,693. Swiss Re has a 12-month low of $26.66 and a 12-month high of $44.62. The stock has a 50 day moving average of $41.29 and a two-hundred day moving average of $37.71.

Swiss Re Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Wednesday, April 16th will be given a dividend of $1.1544 per share. This is a boost from Swiss Re's previous dividend of $1.00. The ex-dividend date of this dividend is Wednesday, April 16th.

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.