Short Interest in Swiss Re AG (OTCMKTS:SSREY) Declines By 44.5%

Swiss Re AG (OTCMKTS:SSREY) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 9,100 shares, a drop of 44.5% from the February 13th total of 16,400 shares. Based on an average daily trading volume, of 28,200 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Swiss Re Price Performance

Swiss Re stock traded down $0.23 during mid-day trading on Friday, hitting $41.50. The stock had a trading volume of 28,589 shares, compared to its average volume of 18,962. Swiss Re has a 12 month low of $26.66 and a 12 month high of $41.86. The stock has a 50-day simple moving average of $38.79 and a two-hundred day simple moving average of $36.14.

Analysts Set New Price Targets

SSREY has been the subject of several recent analyst reports. Hsbc Global Res lowered Swiss Re from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised shares of Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. Keefe, Bruyette & Woods upgraded Swiss Re from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Finally, Citigroup upgraded Swiss Re to a “strong-buy” rating in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

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.