Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Sees Significant Decrease in Short Interest

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 66,600 shares, a decrease of 19.5% from the October 31st total of 82,700 shares. Based on an average trading volume of 440,900 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Several brokerages have commented on MURGY. Berenberg Bank downgraded Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Jefferies Financial Group lowered shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “buy” rating to a “hold” rating in a research note on Monday, October 21st.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Stock Performance

Shares of MURGY stock traded up $0.11 during mid-day trading on Friday, reaching $10.42. The stock had a trading volume of 89,531 shares, compared to its average volume of 232,396. The firm has a market cap of $69.69 billion, a PE ratio of 13.18, a P/E/G ratio of 1.94 and a beta of 1.03. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.20. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a one year low of $8.17 and a one year high of $11.14. The firm’s 50 day simple moving average is $10.43 and its 200 day simple moving average is $10.20.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It also offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, MIRA digital suite, MIRA POS, MIRApply insured and physician, claims risk adjustment, CLARA plus, data analytics, underwriting and claims, medical research, capital management, and health market.