Swiss Re Ltd. (OTCMKTS:SSREY) Sees Large Decline 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 significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 11,400 shares, adropof53.7% from the July 31st total of 24,600 shares. Based on an average daily volume of 61,500 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 61,500 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BNP Paribas downgraded shares of Swiss Re from a "hold" rating to a "strong sell" rating in a research report on Monday, June 2nd. Citigroup reiterated a "buy" rating on shares of Swiss Re in a research note on Tuesday, May 20th. Finally, Barclays downgraded Swiss Re from a "hold" rating to a "strong sell" rating in a research note on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold".

Swiss Re Stock Performance

OTCMKTS SSREY opened at $44.44 on Friday. The company has a 50-day moving average price of $45.11 and a two-hundred day moving average price of $43.55. Swiss Re has a 52 week low of $31.84 and a 52 week high of $48.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 12.70 and a current ratio of 12.70.

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.

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