M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) Stock Short Interest Jumps 1,807.9%

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 1,243,647 shares, an increase of 1,807.9% from the September 30th total of 65,185 shares. Based on an average daily trading volume, of 1,042,275 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of M�nchener R�ckversicherungs-Gesellschaft from a “hold” rating to a “strong sell” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

M�nchener R�ckversicherungs-Gesellschaft Price Performance

Shares of MURGY stock traded up $0.03 on Wednesday, hitting $12.36. 46,892 shares of the company’s stock were exchanged, compared to its average volume of 792,103. M�nchener R�ckversicherungs-Gesellschaft has a 12 month low of $10.09 and a 12 month high of $13.68. The company has a 50 day moving average of $11.86 and a 200 day moving average of $11.91.

M�nchener R�ckversicherungs-Gesellschaft (OTCMKTS:MURGY) last posted its earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. The business had revenue of $17.65 billion for the quarter, compared to the consensus estimate of $18.75 billion. On average, sell-side analysts forecast that M�nchener R�ckversicherungs-Gesellschaft will post 1.18 EPS for the current fiscal year.

About M�nchener R�ckversicherungs-Gesellschaft

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München, commonly known as Munich Re, is a Germany-based insurance group and one of the world’s major reinsurance providers. Through its reinsurance business, the company helps primary insurers manage and transfer risks arising from property damage, natural catastrophes, liability, accidents, life and health events, and other exposures.

Munich Re also provides specialty insurance and risk-management solutions, including coverage and services for corporate clients, infrastructure, cyber risks, and emerging technologies.