Zurich Insurance Group AG (OTCMKTS:ZFSVF) Sees Large Drop in Short Interest

Zurich Insurance Group AG (OTCMKTS:ZFSVF) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 317,400 shares, a drop of 18.4% from the October 15th total of 388,800 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is presently 453.4 days.

Zurich Insurance Group Stock Performance

Zurich Insurance Group stock opened at $583.87 on Friday. The stock has a 50-day moving average price of $595.17 and a 200 day moving average price of $553.18. Zurich Insurance Group has a 52 week low of $477.01 and a 52 week high of $613.87.

Institutional Trading of Zurich Insurance Group

A hedge fund recently raised its stake in Zurich Insurance Group stock. Bridges Investment Management Inc. boosted its holdings in Zurich Insurance Group AG (OTCMKTS:ZFSVF) by 6.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,678 shares of the company’s stock after buying an additional 300 shares during the period. Bridges Investment Management Inc.’s holdings in Zurich Insurance Group were worth $2,494,000 at the end of the most recent reporting period. 30.81% of the stock is owned by hedge funds and other institutional investors.

About Zurich Insurance Group

Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments.