Short Interest in Swiss Re AG (OTCMKTS:SSREY) Decreases By 56.1%

Swiss Re AG (OTCMKTS:SSREY – Get Rating) was the target of a large drop in short interest in May. As of May 15th, there was short interest totalling 4,300 shares, a drop of 56.1% from the April 30th total of 9,800 shares. Based on an average daily volume of 55,600 shares, the short-interest ratio is currently 0.1 days.

Swiss Re Price Performance

Shares of SSREY stock traded up $0.34 during midday trading on Friday, reaching $25.27. 21,208 shares of the company were exchanged, compared to its average volume of 30,102. Swiss Re has a 12 month low of $17.26 and a 12 month high of $27.24. The company’s 50 day moving average price is $25.19 and its two-hundred day moving average price is $24.47. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.80.

Swiss Re Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, April 25th. Investors of record on Monday, April 17th were issued a $1.00 dividend. This is an increase from Swiss Re’s previous dividend of $0.98. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, April 14th.

Analysts Set New Price Targets

Separately, HSBC raised shares of Swiss Re from a “hold” rating to a “buy” rating in a report on Thursday, February 9th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $78.40.

Swiss Re Company Profile

(Get Rating)

Swiss Re AG engages in the provision of reinsurance, insurance and other insurance-based forms of risk transfer. It operates through the following segments: Property and Casualty Reinsurance, Life and Health Reinsurance, Corporate Solutions, Life Capital, and Group Items. The Property and Casualty segment comprises of the business lines property, casualty including motor, and specialty.