Short Interest in Swiss Re AG (OTCMKTS:SSREY) Drops By 76.5%

Swiss Re AG (OTCMKTS:SSREY) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 9,200 shares, a decline of 76.5% from the March 15th total of 39,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 41,700 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res downgraded Swiss Re from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. According to data from MarketBeat, Swiss Re currently has a consensus rating of “Buy”.

Swiss Re Price Performance

OTCMKTS:SSREY opened at $43.62 on Tuesday. Swiss Re has a twelve month low of $26.66 and a twelve month high of $44.16. The company’s 50-day moving average price is $40.94 and its 200-day moving average price is $37.45.

Swiss Re Increases Dividend

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

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.