Short Interest in Swiss Re AG (OTCMKTS:SSREY) Decreases By 48.0%

Swiss Re AG (OTCMKTS:SSREY – Get Rating) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 23,200 shares, a decrease of 48.0% from the April 15th total of 44,600 shares. Based on an average daily volume of 175,100 shares, the short-interest ratio is currently 0.1 days.

Shares of OTCMKTS:SSREY opened at $20.16 on Friday. Swiss Re has a 12 month low of $19.58 and a 12 month high of $27.75. The stock’s 50 day moving average price is $22.17 and its 200 day moving average price is $24.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.27 and a quick ratio of 0.27.

The company also recently declared a dividend, which was paid on Thursday, April 28th. Shareholders of record on Wednesday, April 20th were paid a dividend of $0.9802 per share. This represents a yield of 4.15%. The ex-dividend date of this dividend was Tuesday, April 19th.

SSREY has been the subject of several research analyst reports. Berenberg Bank cut Swiss Re from a “buy” rating to a “hold” rating in a research note on Monday, February 28th. Societe Generale upgraded Swiss Re from a “hold” rating to a “buy” rating in a research report on Thursday, January 20th. Barclays dropped their price target on Swiss Re from CHF 98 to CHF 95 and set an “overweight” rating on the stock in a research report on Wednesday, April 20th. UBS Group lifted their price objective on shares of Swiss Re from CHF 84 to CHF 87 in a report on Friday, January 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Swiss Re from CHF 96 to CHF 95 in a report on Wednesday, March 16th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $82.29.

About Swiss Re (Get Rating)

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 Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.

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