Short Interest in Swiss Re AG (OTCMKTS:SSREY) Increases By 45.1%

Swiss Re AG (OTCMKTS:SSREY) was the recipient of a significant growth in short interest during the month of February. As of February 15th, there was short interest totalling 16,400 shares, a growth of 45.1% from the January 31st total of 11,300 shares. Based on an average daily volume of 36,000 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SSREY shares. Keefe, Bruyette & Woods raised Swiss Re from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, November 20th. UBS Group upgraded Swiss Re from a “strong sell” rating to a “strong-buy” rating in a report on Monday, November 11th. Berenberg Bank upgraded shares of Swiss Re to a “strong-buy” rating in a report on Monday, November 11th. 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. Finally, Citigroup upgraded Swiss Re to a “strong-buy” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Swiss Re Stock Up 1.1 %

Shares of SSREY opened at $41.35 on Wednesday. Swiss Re has a one year low of $26.66 and a one year high of $41.46. The stock has a 50-day moving average of $38.08 and a two-hundred day moving average of $35.77.

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.