Swiss Re Ltd. (OTCMKTS:SSREY) Short Interest Up 256.0% in March

Swiss Re Ltd. (OTCMKTS:SSREY) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 39,461 shares, an increase of 256.0% from the February 26th total of 11,083 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 106,353 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 106,353 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Swiss Re Trading Down 1.0%

OTCMKTS:SSREY opened at $40.71 on Wednesday. The company’s fifty day moving average price is $41.05 and its 200-day moving average price is $43.00. Swiss Re has a 1-year low of $37.56 and a 1-year high of $48.62.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on SSREY. Royal Bank Of Canada reissued an “underperform” rating on shares of Swiss Re in a research report on Monday, December 8th. Citigroup cut Swiss Re from a “buy” rating to a “hold” rating in a research report on Tuesday, December 9th. UBS Group downgraded Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 17th. Berenberg Bank lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Oddo Bhf cut Swiss Re to a “neutral” rating in a research note on Tuesday, December 9th. One 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 company. According to data from MarketBeat.com, the stock 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.