Short Interest in Swiss Life Holding AG (OTCMKTS:SZLMY) Grows By 33.3%

Swiss Life Holding AG (OTCMKTS:SZLMY) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,000 shares, an increase of 33.3% from the May 15th total of 1,500 shares. Based on an average daily volume of 3,500 shares, the days-to-cover ratio is currently 0.6 days.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Swiss Life in a research note on Thursday, May 15th. BNP Paribas cut shares of Swiss Life to a “neutral” rating in a research note on Monday, June 2nd.

Swiss Life Stock Performance

OTCMKTS:SZLMY opened at $49.37 on Thursday. The firm has a fifty day simple moving average of $49.34 and a two-hundred day simple moving average of $44.39. Swiss Life has a 12 month low of $35.64 and a 12 month high of $52.95.

Swiss Life Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were paid a $1.2653 dividend. The ex-dividend date was Monday, May 19th. This is an increase from Swiss Life’s previous dividend of $1.13. This represents a dividend yield of 2.55%. Swiss Life’s dividend payout ratio (DPR) is currently 20.87%.

About Swiss Life

Swiss Life Holding AG provides life, pensions, and financial solutions for private and corporate clients. It operates through Switzerland, France, Germany, International, Asset Managers, and Other segments. The company offers a range of life, pension, health, annuity, and investment-type policies to groups and individuals, as well as disability coverage.