Short Interest in Swiss Re Ltd. (OTCMKTS:SSREY) Declines By 25.9%

Swiss Re Ltd. (OTCMKTS:SSREY) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 29,240 shares, a drop of 25.9% from the March 15th total of 39,461 shares. Based on an average daily volume of 99,049 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are sold short.

Swiss Re Price Performance

SSREY opened at $41.82 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 39.12 and a quick ratio of 39.12. The business has a fifty day simple moving average of $41.73 and a 200-day simple moving average of $42.73. Swiss Re has a fifty-two week low of $38.63 and a fifty-two week high of $48.62.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SSREY shares. The Goldman Sachs Group lowered Swiss Re from a “hold” rating to a “sell” rating in a research note on Wednesday, January 21st. UBS Group lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

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.