Swiss Re AG (OTCMKTS:SSREY) Short Interest Up 166.2% in May

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

Swiss Re Stock Down 2.9%

Swiss Re stock traded down $1.30 during mid-day trading on Tuesday, reaching $43.70. 34,068 shares of the company traded hands, compared to its average volume of 27,149. The firm's 50 day moving average price is $43.71 and its 200 day moving average price is $40.21. Swiss Re has a 52-week low of $29.00 and a 52-week high of $46.89.

Swiss Re Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 24th. Shareholders of record on Wednesday, April 16th were given a dividend of $1.1544 per share. This is an increase from Swiss Re's previous dividend of $1.00. The ex-dividend date of this dividend was Wednesday, April 16th.

Wall Street Analyst Weigh In

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

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.