Short Interest in Swiss Re AG (OTCMKTS:SSREY) Grows By 166.2%

Swiss Re AG (OTCMKTS:SSREY - Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 18,100 shares, a growth of 166.2% from the April 30th total of 6,800 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 80,200 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a "buy" rating on shares of Swiss Re in a report on Tuesday, May 20th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Swiss Re Stock Performance

Shares of OTCMKTS:SSREY traded down $0.03 during trading on Friday, reaching $44.28. The stock had a trading volume of 16,926 shares, compared to its average volume of 26,738. Swiss Re has a 52 week low of $29.00 and a 52 week high of $46.89. The business's 50-day moving average price is $43.65 and its 200 day moving average price is $40.03.

Swiss Re Increases Dividend

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

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.