Swiss Re Ltd. (OTCMKTS:SSREY) Sees Significant Drop in Short Interest

Swiss Re Ltd. (OTCMKTS:SSREY) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 32,837 shares, a decrease of 37.3% from the June 30th total of 52,364 shares. Based on an average daily volume of 105,866 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SSREY. UBS Group cut shares of Swiss Re from a “neutral” rating to a “sell” rating in a research report on Thursday, May 21st. Citigroup restated a “neutral” rating on shares of Swiss Re in a report on Friday, May 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Swiss Re in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Swiss Re has an average rating of “Reduce”.

Swiss Re Stock Performance

Swiss Re stock opened at $41.38 on Friday. The company’s 50 day simple moving average is $39.35 and its 200 day simple moving average is $40.37. The company has a debt-to-equity ratio of 0.32, a current ratio of 39.12 and a quick ratio of 39.12. Swiss Re has a fifty-two week low of $36.01 and a fifty-two week high of $48.62.

About Swiss Re

Swiss Re (OTCMKTS: SSREY) is a global reinsurance company headquartered in Zurich, Switzerland. Founded in 1863, the firm provides risk transfer and insurance solutions to insurers, reinsurers, and large corporations worldwide. Its core activities encompass reinsurance for property & casualty and life & health lines, as well as tailored corporate insurance products designed to protect complex commercial and industrial risks.

Swiss Re’s product offering spans treaty and facultative reinsurance, structured reinsurance solutions, and capital markets–linked risk transfer such as insurance‑linked securities.