Short Interest in Swiss Re AG (OTCMKTS:SSREY) Decreases By 56.9%

Swiss Re AG (OTCMKTS:SSREY) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 24,200 shares, a decline of 56.9% from the November 30th total of 56,200 shares. Based on an average daily trading volume, of 54,900 shares, the days-to-cover ratio is currently 0.4 days.

Swiss Re Stock Down 0.5 %

Shares of OTCMKTS:SSREY traded down $0.18 during trading on Friday, hitting $36.45. The stock had a trading volume of 40,660 shares, compared to its average volume of 27,289. The firm’s fifty day moving average is $35.14 and its 200 day moving average is $33.26. Swiss Re has a 12 month low of $26.66 and a 12 month high of $37.94.

Analysts Set New Price Targets

SSREY has been the subject of several analyst reports. The Goldman Sachs Group raised shares of Swiss Re from a “strong sell” rating to a “hold” rating in a research report on Friday, December 13th. Citigroup upgraded Swiss Re to a “strong-buy” rating in a report on Monday, November 18th. UBS Group upgraded Swiss Re from a “strong sell” rating to a “strong-buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods upgraded Swiss Re from a “moderate sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Berenberg Bank upgraded shares of Swiss Re to a “strong-buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy”.

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.