Swiss Re AG (OTCMKTS:SSREY – Get Free Report) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 7,400 shares, an increase of 196.0% from the August 31st total of 2,500 shares. Based on an average daily volume of 30,000 shares, the days-to-cover ratio is presently 0.2 days.
Swiss Re Stock Performance
Swiss Re stock traded down $0.13 during trading hours on Friday, hitting $34.84. 12,682 shares of the stock traded hands, compared to its average volume of 17,352. Swiss Re has a one year low of $24.92 and a one year high of $35.01. The firm’s 50-day moving average price is $32.52 and its two-hundred day moving average price is $31.07.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised shares of Swiss Re to a “strong sell” rating in a research report on Wednesday, September 18th.
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.
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