Hannover Ruck SE (OTCMKTS:HVRRY) Sees Large Growth in Short Interest

Hannover Ruck SE (OTCMKTS:HVRRY) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 27,118 shares, an increase of 79.0% from the February 26th total of 15,151 shares. Based on an average daily volume of 63,188 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Hannover Ruck Price Performance

HVRRY stock traded down $0.02 during midday trading on Friday, reaching $49.42. The company had a trading volume of 43,854 shares, compared to its average volume of 29,953. The firm has a 50-day moving average price of $48.89 and a 200-day moving average price of $49.38. The company has a market capitalization of $35.76 billion, a P/E ratio of 11.91 and a beta of 0.32. Hannover Ruck has a 1 year low of $44.67 and a 1 year high of $55.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.14 and a quick ratio of 0.14.

Hannover Ruck (OTCMKTS:HVRRY) last posted its quarterly earnings data on Thursday, March 12th. The financial services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.06. Hannover Ruck had a net margin of 9.92% and a return on equity of 20.87%. The firm had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $7.99 billion. On average, research analysts anticipate that Hannover Ruck will post 3.42 earnings per share for the current fiscal year.

About Hannover Ruck

Hannover Rück (OTCMKTS: HVRRY), commonly known as Hannover Re, is a global reinsurance group headquartered in Hannover, Germany. The company underwrites treaty and facultative reinsurance across a broad spectrum of risks, including property & casualty and life & health lines. Its product suite encompasses traditional proportional and non‑proportional treaty contracts, facultative placements, structured reinsurance, retrocession, and capital market–linked solutions such as insurance‑linked securities, tailored to transfer and manage insurance risk for primary insurers and other reinsurers.

Founded in the 1960s, Hannover Re has developed into one of the major international reinsurers, building a presence across Europe, the Americas, Asia‑Pacific and other global markets.