Short Interest in Zurich Insurance Group AG (OTCMKTS:ZFSVF) Declines By 18.4%

Zurich Insurance Group AG (OTCMKTS:ZFSVF) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 317,400 shares, a decline of 18.4% from the October 15th total of 388,800 shares. Based on an average trading volume of 700 shares, the short-interest ratio is currently 453.4 days.

Hedge Funds Weigh In On Zurich Insurance Group

A hedge fund recently raised its stake in Zurich Insurance Group stock. Bridges Investment Management Inc. boosted its holdings in shares of Zurich Insurance Group AG (OTCMKTS:ZFSVF) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,678 shares of the company’s stock after buying an additional 300 shares during the quarter. Bridges Investment Management Inc.’s holdings in Zurich Insurance Group were worth $2,494,000 as of its most recent SEC filing. 30.81% of the stock is currently owned by hedge funds and other institutional investors.

Zurich Insurance Group Price Performance

Shares of OTCMKTS:ZFSVF opened at $587.00 on Friday. The business’s 50 day moving average is $595.24 and its 200 day moving average is $554.16. Zurich Insurance Group has a 52-week low of $477.21 and a 52-week high of $613.87.

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.