Zurich Insurance Group AG (OTCMKTS:ZFSVF) Sees Large Drop in Short Interest

Zurich Insurance Group AG (OTCMKTS:ZFSVFGet Free Report) saw a large drop in short interest in February. As of February 29th, there was short interest totalling 391,000 shares, a drop of 30.6% from the February 14th total of 563,500 shares. Based on an average trading volume of 1,100 shares, the short-interest ratio is presently 355.5 days.

Hedge Funds Weigh In On Zurich Insurance Group

A hedge fund recently raised its stake in Zurich Insurance Group stock. Silvercrest Asset Management Group LLC boosted its holdings in shares of Zurich Insurance Group AG (OTCMKTS:ZFSVFFree Report) by 26.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,470 shares of the company’s stock after buying an additional 310 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Zurich Insurance Group were worth $684,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 30.81% of the company’s stock.

Zurich Insurance Group Stock Performance

Shares of OTCMKTS ZFSVF opened at $549.00 on Thursday. The business has a 50-day moving average of $513.69 and a 200-day moving average of $492.72. Zurich Insurance Group has a fifty-two week low of $425.75 and a fifty-two week high of $557.23.

About Zurich Insurance Group

(Get Free Report)

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.

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