Zurich Insurance Group AG (OTCMKTS:ZFSVF) Sees Significant Growth in Short Interest

Zurich Insurance Group AG (OTCMKTS:ZFSVF) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 229,000 shares, an increase of 21.3% from the November 30th total of 188,800 shares. Based on an average daily trading volume, of 100 shares, the short-interest ratio is currently 2,290.0 days.

Zurich Insurance Group Stock Up 0.3 %

OTCMKTS ZFSVF opened at $591.65 on Friday. Zurich Insurance Group has a 12 month low of $477.21 and a 12 month high of $641.89. The firm’s fifty day moving average price is $604.05 and its 200 day moving average price is $575.87.

Institutional Investors Weigh In On Zurich Insurance Group

A hedge fund recently raised its stake in Zurich Insurance Group stock. Bridges Investment Management Inc. boosted its position in shares of Zurich Insurance Group AG (OTCMKTS:ZFSVF) by 6.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,678 shares of the company’s stock after purchasing an additional 300 shares during the quarter. Bridges Investment Management Inc.’s holdings in Zurich Insurance Group were worth $2,494,000 as of its most recent SEC filing. 30.81% of the stock is currently owned by institutional investors.

About Zurich Insurance Group

Zurich Insurance Group AG, together with its subsidiaries, provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific. The company operates through Property & Casualty Regions, Life Regions, Farmers, Group Functions and Operations, and Non-Core Businesses segments.