Hannover Rück SE (OTCMKTS:HVRRY) Short Interest Up 1,800.0% in August

Hannover Rück SE (OTCMKTS:HVRRY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,900 shares, a growth of 1,800.0% from the August 15th total of 100 shares. Based on an average trading volume of 3,800 shares, the days-to-cover ratio is presently 0.5 days.

HVRRY has been the subject of several research analyst reports. DZ Bank restated a “buy” rating on shares of Hannover Rück in a report on Friday, June 25th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hannover Rück in a research report on Tuesday, September 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Hannover Rück in a report on Friday, June 25th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Hannover Rück in a report on Friday, August 6th. Finally, Barclays reaffirmed an “underweight” rating on shares of Hannover Rück in a report on Friday, September 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $104.00.

Shares of Hannover Rück stock opened at $95.32 on Wednesday. Hannover Rück has a 52 week low of $71.85 and a 52 week high of $97.10. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $88.78 and its 200-day simple moving average is $89.47. The firm has a market cap of $22.99 billion, a PE ratio of 16.21 and a beta of 0.90.

Hannover Rück (OTCMKTS:HVRRY) last released its quarterly earnings results on Thursday, August 5th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter. The firm had revenue of $7.53 billion for the quarter. Hannover Rück had a return on equity of 10.18% and a net margin of 4.75%. As a group, equities analysts expect that Hannover Rück will post 6.55 earnings per share for the current year.

Hannover Rück Company Profile

Hannover Rueck SE engages in the provision of reinsurance activities. It operates through the Property and Casualty Reinsurance, and Life and Health Reinsurance business segments. The company was founded on June 6, 1966 and is headquartered in Hannover, Germany.

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