Short Interest in Swiss Re AG (OTCMKTS:SSREY) Declines By 44.5%

Swiss Re AG (OTCMKTS:SSREY) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 9,100 shares, a drop of 44.5% from the February 13th total of 16,400 shares. Based on an average daily volume of 28,200 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Swiss Re Stock Performance

Swiss Re stock opened at $41.81 on Friday. Swiss Re has a 1-year low of $26.66 and a 1-year high of $41.86. The stock’s 50 day moving average price is $38.90 and its 200 day moving average price is $36.19.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Hsbc Global Res downgraded Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upgraded Swiss Re from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Citigroup upgraded Swiss Re to a “strong-buy” rating in a research note on Monday, November 18th. Finally, The Goldman Sachs Group upgraded Swiss Re from a “strong sell” rating to a “hold” rating in a research note on Friday, December 13th. Three research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Swiss Re

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 three segments: Property & Casualty Reinsurance, Life & Health Reinsurance, and Corporate Solutions.