Zurich Insurance Group AG (OTCMKTS:ZFSVF) Short Interest Up 36.3% in August

5 months ago
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Zurich Insurance Group AG (OTCMKTS:ZFSVF – Get Free Report) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totalling 352,200 shares, a growth of 36.3% from the July 31st total of 258,400 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 587.0 days.

OTCMKTS ZFSVF opened at $575.15 on Friday. The company has a fifty day moving average price of $541.06 and a 200-day moving average price of $525.50. Zurich Insurance Group has a 1 year low of $441.54 and a 1 year high of $587.74.

An institutional investor recently raised its position in Zurich Insurance Group stock. Bridges Investment Management Inc. increased its holdings in Zurich Insurance Group AG (OTCMKTS:ZFSVF – Free Report) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,678 shares of the company’s stock after acquiring an additional 300 shares during the period. Bridges Investment Management Inc.’s holdings in Zurich Insurance Group were worth $2,494,000 at the end of the most recent quarter. 30.81% of the stock is owned by hedge funds and other institutional investors.

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.
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