Zurich Insurance Group AG (OTCMKTS:ZURVY) Sees Large Decline in Short Interest

Zurich Insurance Group AG (OTCMKTS:ZURVY) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totalling 96,400 shares, a decrease of 60.8% from the December 31st total of 245,900 shares. Based on an average daily volume of 230,400 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

ZURVY has been the topic of several analyst reports. BNP Paribas cut shares of Zurich Insurance Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 3rd. UBS Group cut shares of Zurich Insurance Group from a “hold” rating to a “strong sell” rating in a report on Thursday, December 19th.

Zurich Insurance Group Stock Up 2.5 %

OTCMKTS:ZURVY traded up $0.75 during mid-day trading on Tuesday, hitting $30.41. The stock had a trading volume of 223,094 shares, compared to its average volume of 155,229. The stock has a 50-day simple moving average of $30.39 and a two-hundred day simple moving average of $34.78. Zurich Insurance Group has a twelve month low of $23.46 and a twelve month high of $32.04.

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.