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

Zurich Insurance Group AG (OTCMKTS:ZFSVF) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 353,000 shares, a growth of 21.1% from the September 15th total of 291,600 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is currently 706.0 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Zurich Insurance Group stock. Bridges Investment Management Inc. raised its stake in Zurich Insurance Group AG (OTCMKTS:ZFSVF) by 6.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. 30.81% of the stock is currently owned by institutional investors and hedge funds.

Zurich Insurance Group Price Performance

ZFSVF opened at $608.31 on Friday. The stock’s 50-day moving average price is $577.30 and its 200 day moving average price is $539.52. Zurich Insurance Group has a 12-month low of $462.66 and a 12-month high of $613.87.

Zurich Insurance Group Company Profile

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.