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

Hannover Ruck SE (OTCMKTS:HVRRY) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 6,394 shares, a drop of 60.5% from the April 30th total of 16,194 shares. Based on an average daily volume of 50,586 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Hannover Ruck Stock Performance

Hannover Ruck stock traded down $0.98 during mid-day trading on Monday, reaching $43.98. 36,017 shares of the company traded hands, compared to its average volume of 21,321. Hannover Ruck has a fifty-two week low of $43.90 and a fifty-two week high of $55.72. The firm’s fifty day moving average is $50.28 and its two-hundred day moving average is $49.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.06 and a quick ratio of 0.06. The company has a market capitalization of $31.82 billion, a price-to-earnings ratio of 10.40 and a beta of 0.20.

Hannover Ruck (OTCMKTS:HVRRY) last issued its earnings results on Monday, May 11th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.40). Hannover Ruck had a return on equity of 20.27% and a net margin of 9.84%.The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.54 billion. On average, equities research analysts expect that Hannover Ruck will post 4.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Berenberg Bank raised shares of 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 and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

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.