MS&AD Insurance Group Holdings, Inc. (OTCMKTS:MSADY) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 36,200 shares, an increase of 297.8% from the March 15th total of 9,100 shares. Based on an average daily trading volume, of 51,400 shares, the short-interest ratio is currently 0.7 days.
OTCMKTS MSADY traded down $0.15 during trading on Wednesday, hitting $14.62. 28,318 shares of the company’s stock traded hands, compared to its average volume of 31,999. The stock has a fifty day moving average of $14.82 and a two-hundred day moving average of $14.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.22 and a quick ratio of 0.21. MS&AD Insurance Group has a 12-month low of $12.43 and a 12-month high of $16.11. The firm has a market cap of $17.35 billion, a P/E ratio of 12.29 and a beta of 0.59.
Separately, Zacks Investment Research lowered shares of MS&AD Insurance Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 30th.
MS&AD Insurance Group Holdings, Inc, an insurance holding company, provides insurance and financial services worldwide. The company offers fire and allied, marine, personal accident, voluntary automobile, compulsory automobile liability, and others non-insurance products; life insurance products; and reinsurance services.
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