Swiss Re AG (OTCMKTS:SSREY – Get Free Report) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 12,100 shares, a decrease of 68.6% from the October 15th total of 38,500 shares. Based on an average trading volume of 44,800 shares, the short-interest ratio is currently 0.3 days.
Swiss Re Trading Down 0.4 %
Shares of OTCMKTS SSREY traded down $0.12 during midday trading on Wednesday, hitting $34.11. The company’s stock had a trading volume of 47,357 shares, compared to its average volume of 27,488. Swiss Re has a 1-year low of $26.66 and a 1-year high of $35.01. The firm’s fifty day moving average price is $33.61 and its 200-day moving average price is $31.78.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on SSREY. UBS Group raised Swiss Re from a “strong sell” rating to a “strong-buy” rating in a report on Monday. The Goldman Sachs Group raised Swiss Re to a “strong sell” rating in a research report on Wednesday, September 18th.
About Swiss Re
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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