Swiss Re Ltd. (OTCMKTS:SSREY) Sees Significant Drop in Short Interest

Key Points

• Swiss Re Ltd. experienced a 53.7% drop in short interest during August, with the total short interest falling to 11,400 shares from 24,600 shares the previous month.
• Analysts have provided mixed ratings on Swiss Re's stock, with two analysts giving a Strong Buy rating, while others have issued downgrades to "strong sell."
• The stock opened at $44.44 and has a significant debt-to-equity ratio of 0.27, indicating a relatively low level of debt in comparison to equity.

Swiss Re Ltd. (OTCMKTS:SSREY - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 11,400 shares, a drop of 53.7% from the July 31st total of 24,600 shares. Based on an average daily trading volume, of 61,500 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 61,500 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Several research analysts have recently issued reports on SSREY shares. Barclays downgraded shares of Swiss Re from a "hold" rating to a "strong sell" rating in a report on Thursday, June 12th. Citigroup reiterated a "buy" rating on shares of Swiss Re in a research report on Tuesday, May 20th. Finally, BNP Paribas cut Swiss Re from a "hold" rating to a "strong sell" rating in a research report on Monday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Swiss Re Price Performance

Shares of SSREY traded down $0.59 during mid-day trading on Wednesday, hitting $43.91. 20,791 shares of the company traded hands, compared to its average volume of 20,312. The company has a debt-to-equity ratio of 0.27, a current ratio of 12.70 and a quick ratio of 12.70. The business has a 50-day moving average of $45.22 and a 200 day moving average of $43.70. Swiss Re has a one year low of $31.84 and a one year high of $48.50.

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.