Short Interest in Swiss Re AG (OTCMKTS:SSREY) Expands By 329.7%

Swiss Re AG (OTCMKTS:SSREY) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 39,100 shares, an increase of 329.7% from the February 28th total of 9,100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 36,100 shares, the short-interest ratio is presently 1.1 days.

Swiss Re Trading Down 0.3 %

OTCMKTS:SSREY opened at $42.99 on Friday. Swiss Re has a 52-week low of $26.66 and a 52-week high of $43.54. The business’s fifty day moving average is $40.08 and its 200 day moving average is $36.77.

Swiss Re Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 24th. Shareholders of record on Wednesday, April 16th will be paid a dividend of $1.1544 per share. The ex-dividend date is Wednesday, April 16th. This is a positive change from Swiss Re’s previous dividend of $1.00.

Analyst Ratings Changes

A number of equities analysts have weighed in on SSREY shares. The Goldman Sachs Group raised Swiss Re from a “strong sell” rating to a “hold” rating in a research report on Friday, December 13th. Hsbc Global Res downgraded shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Swiss Re currently has a consensus 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.