Swiss Re AG (OTCMKTS:SSREY) Short Interest Down 67.8% in January

Swiss Re AG (OTCMKTS:SSREY) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 7,800 shares, a decrease of 67.8% from the December 31st total of 24,200 shares. Based on an average trading volume of 48,300 shares, the short-interest ratio is currently 0.2 days.

Swiss Re Stock Down 0.9 %

Shares of OTCMKTS:SSREY traded down $0.35 during trading on Tuesday, reaching $38.76. The stock had a trading volume of 29,435 shares, compared to its average volume of 23,167. Swiss Re has a one year low of $26.66 and a one year high of $39.35. The firm’s 50-day simple moving average is $36.75 and its 200 day simple moving average is $34.18.

Analysts Set New Price Targets

Several brokerages have issued reports on SSREY. Keefe, Bruyette & Woods upgraded shares of Swiss Re from a “moderate sell” rating to a “hold” rating in a report on Wednesday, November 20th. The Goldman Sachs Group upgraded shares of Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. UBS Group upgraded shares of Swiss Re from a “strong sell” rating to a “strong-buy” rating in a report on Monday, November 11th. Berenberg Bank upgraded shares of Swiss Re to a “strong-buy” rating in a report on Monday, November 11th. Finally, Hsbc Global Res cut shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Three investment analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Swiss Re Company Profile

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.