Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) Sees Large Growth in Short Interest

Zurich Insurance Group Ltd. (OTCMKTS:ZURVY) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 264,102 shares, a growth of 83.5% from the May 14th total of 143,963 shares. Based on an average trading volume of 214,490 shares, the short-interest ratio is presently 1.2 days. Currently, 0.0% of the shares of the company are short sold.

Zurich Insurance Group Stock Up 1.1%

Shares of Zurich Insurance Group stock opened at $36.34 on Wednesday. The company has a current ratio of 10.11, a quick ratio of 10.11 and a debt-to-equity ratio of 0.46. Zurich Insurance Group has a 12-month low of $33.62 and a 12-month high of $38.29. The firm’s 50-day moving average price is $35.46 and its two-hundred day moving average price is $35.88.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded shares of Zurich Insurance Group from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Zurich Insurance Group Company Profile

Zurich Insurance Group is a global insurance company headquartered in Zurich, Switzerland, that provides a broad range of insurance and risk management products to individuals, small and medium-sized enterprises, large corporations and multinational clients. Founded in 1872, the company has grown into one of the world’s major insurers, offering both property & casualty and life insurance solutions alongside related services such as claims management and risk engineering.

Zurich’s core activities include general (non-life) insurance and life insurance products.