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

Swiss Re AG (OTCMKTS:SSREY) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 7,400 shares, a growth of 196.0% from the August 31st total of 2,500 shares. Based on an average trading volume of 30,000 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Swiss Re to a “strong sell” rating in a research note on Wednesday, September 18th.

Swiss Re Stock Up 0.8 %

Shares of SSREY traded up $0.27 during midday trading on Wednesday, reaching $34.97. 25,964 shares of the stock were exchanged, compared to its average volume of 28,520. Swiss Re has a twelve month low of $24.92 and a twelve month high of $35.01. The stock’s 50 day simple moving average is $32.35 and its 200 day simple moving average is $31.01.

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.