Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) Sees Significant Decrease in Short Interest

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 47,500 shares, a drop of 16.7% from the November 30th total of 57,000 shares. Based on an average trading volume of 302,500 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several analysts have issued reports on MURGY shares. Jefferies Financial Group lowered shares of Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. UBS Group lowered Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Berenberg Bank lowered Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Trading Down 2.0 %

Shares of OTCMKTS:MURGY traded down $0.21 during midday trading on Monday, hitting $10.27. 385,698 shares of the stock traded hands, compared to its average volume of 277,842. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $68.69 billion, a PE ratio of 6.67, a P/E/G ratio of 1.94 and a beta of 1.02. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a one year low of $8.18 and a one year high of $11.14. The business’s 50 day moving average is $10.32 and its two-hundred day moving average is $10.29.

About Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München engages in the insurance and reinsurance businesses worldwide. It also offers life and health reinsurance solutions, such as digital underwriting and advanced analytics solutions, health insurance management system, financial market risks, financing, portfolio risk management, digitalized investment-linked solution, MIRA digital suite, MIRA POS, MIRApply insured and physician, claims risk adjustment, CLARA plus, data analytics, underwriting and claims, medical research, capital management, and health market.