Short Interest in MS&AD Insurance Group Holdings, Inc. (OTCMKTS:MSADY) Declines By 26.1%

MS&AD Insurance Group Holdings, Inc. (OTCMKTS:MSADY) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 11,300 shares, a drop of 26.1% from the September 30th total of 15,300 shares. Based on an average daily trading volume, of 67,600 shares, the days-to-cover ratio is currently 0.2 days.

MS&AD Insurance Group Price Performance

Shares of MSADY stock traded down $0.25 during trading hours on Friday, hitting $22.05. The stock had a trading volume of 28,262 shares, compared to its average volume of 142,442. The stock’s 50-day moving average price is $22.96 and its two-hundred day moving average price is $21.35. MS&AD Insurance Group has a one year low of $11.73 and a one year high of $24.62. The stock has a market capitalization of $35.47 billion, a price-to-earnings ratio of 15.19 and a beta of 0.49. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.26 and a quick ratio of 0.26.

MS&AD Insurance Group (OTCMKTS:MSADY) last posted its earnings results on Friday, August 9th. The insurance provider reported $0.94 EPS for the quarter. The firm had revenue of $12.43 billion for the quarter. Equities analysts forecast that MS&AD Insurance Group will post 2.7 EPS for the current year.

About MS&AD Insurance Group

MS&AD Insurance Group Holdings, Inc, an insurance holding company, provides insurance and financial services worldwide. The company offers domestic non-life insurance; life insurance; international business; financial services; and provides risk-related services. The company was formerly known as Mitsui Sumitomo Insurance Group Holdings, Inc and changed its name to MS&AD Insurance Group Holdings, Inc in April 2010.