Swiss Re AG (OTCMKTS:SSREY) Short Interest Up 329.7% in March

Swiss Re AG (OTCMKTS:SSREY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 39,100 shares, a growth of 329.7% from the February 28th total of 9,100 shares. Based on an average trading volume of 36,100 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the shares of the company are sold short.

Swiss Re Stock Performance

Shares of Swiss Re stock opened at $42.99 on Friday. The firm’s 50 day simple moving average is $40.08 and its two-hundred day simple moving average is $36.77. Swiss Re has a 12-month low of $26.66 and a 12-month high of $43.54.

Swiss Re Increases Dividend

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

Wall Street Analyst Weigh In

SSREY has been the subject of several analyst reports. Hsbc Global Res lowered shares of Swiss Re from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upgraded Swiss Re from a “strong sell” rating to a “hold” rating in a report on Friday, December 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a strong buy rating to the company. According to MarketBeat, Swiss Re presently has an average rating of “Buy”.

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.