Short Interest in Swiss Re AG (OTCMKTS:SSREY) Rises By 196.0%

by · The Markets Daily

Swiss Re AG (OTCMKTS:SSREY – Get Free Report) was the target of a significant increase in short interest during 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 short-interest ratio is currently 0.2 days.

Swiss Re Stock Down 0.4 %

SSREY traded down $0.13 during trading on Friday, reaching $34.84. The stock had a trading volume of 12,682 shares, 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 business has a 50-day moving average of $32.52 and a 200-day moving average of $31.07.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded Swiss Re to a “strong sell” rating in a research report on Wednesday, September 18th.

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Swiss Re Company Profile

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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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