Short Interest in Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Drops By 18.2%

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 61,000 shares, a decline of 18.2% from the December 31st total of 74,600 shares. Based on an average daily trading volume, of 1,073,800 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

MURGY has been the subject of several recent analyst reports. Berenberg Bank cut shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. UBS Group cut shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 19th. Barclays raised shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München to a “strong-buy” rating in a report on Tuesday, January 28th. Finally, Jefferies Financial Group lowered shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “buy” rating to a “hold” rating in a research note on Monday, October 21st.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Price Performance

OTCMKTS:MURGY traded down $0.17 during trading hours on Friday, hitting $10.81. 361,695 shares of the stock traded hands, compared to its average volume of 456,133. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.20. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 1 year low of $8.40 and a 1 year high of $11.20. The company has a market cap of $72.30 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 1.75 and a beta of 1.02. The stock has a 50 day moving average price of $10.47 and a 200 day moving average price of $10.38.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It also offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, MIRA digital suite, MIRA POS, MIRApply insured and physician, claims risk adjustment, CLARA plus, data analytics, underwriting and claims, medical research, capital management, and health market.