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

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München (OTCMKTS:MURGY) was the recipient of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 47,500 shares, a decrease 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.

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Price Performance

Shares of MURGY stock traded down $0.17 during mid-day trading on Tuesday, hitting $10.10. 302,612 shares of the stock were exchanged, compared to its average volume of 278,005. Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München has a 52-week low of $8.18 and a 52-week high of $11.14. 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 company has a market cap of $67.55 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 1.94 and a beta of 1.02. The firm has a fifty day moving average of $10.31 and a 200 day moving average of $10.29.

Wall Street Analyst Weigh In

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

Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München Company Profile

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.