Hannover Ruck SE (OTCMKTS:HVRRY) Sees Significant Increase in Short Interest

Hannover Ruck SE (OTCMKTS:HVRRY) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 13,743 shares, an increase of 66.8% from the July 30th total of 8,241 shares. Based on an average daily volume of 10,807 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research downgraded Hannover Ruck from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. Berenberg Bank raised Hannover Ruck to a “strong-buy” rating in a research report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Hannover Ruck Stock Performance

Shares of HVRRY traded up $0.15 during trading hours on Monday, reaching $49.88. 3,549 shares of the company traded hands, compared to its average volume of 22,330. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.07 and a current ratio of 0.07. The stock’s fifty day moving average is $47.79 and its 200 day moving average is $48.56. Hannover Ruck has a 1-year low of $43.00 and a 1-year high of $55.72. The stock has a market cap of $36.09 billion, a P/E ratio of 12.35 and a beta of 0.20.

Hannover Ruck (OTCMKTS:HVRRY) last released its earnings results on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. Hannover Ruck had a return on equity of 18.15% and a net margin of 9.33%.The business had revenue of $7.43 billion for the quarter, compared to the consensus estimate of $7.23 billion. Equities research analysts anticipate that Hannover Ruck will post 4.45 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.