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

Hannover Ruck SE (OTCMKTS:HVRRY) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 18,180 shares, an increase of 1,435.5% from the June 15th total of 1,184 shares. Based on an average daily trading volume, of 75,975 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on HVRRY shares. Berenberg Bank raised shares of Hannover Ruck to a “strong-buy” rating in a research note on Tuesday, May 5th. Zacks Research cut shares of Hannover Ruck from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Hannover Ruck Trading Down 0.2%

Shares of HVRRY traded down $0.11 during trading hours on Friday, hitting $47.52. The stock had a trading volume of 13,840 shares, compared to its average volume of 33,222. 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 firm has a market cap of $34.38 billion, a P/E ratio of 11.26 and a beta of 0.20. The company’s fifty day simple moving average is $45.99 and its 200 day simple moving average is $48.70. Hannover Ruck has a 12-month low of $43.00 and a 12-month high of $55.72.

Hannover Ruck (OTCMKTS:HVRRY) last posted its quarterly 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). The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.54 billion. Hannover Ruck had a net margin of 9.84% and a return on equity of 19.51%. Equities research analysts forecast that Hannover Ruck will post 4.46 EPS 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.