Hannover Ruck SE (OTCMKTS:HVRRY) Short Interest Down 99.7% in May

Hannover Ruck SE (OTCMKTS:HVRRY) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 17 shares, a decline of 99.7% from the May 14th total of 6,394 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 70,106 shares, the short-interest ratio is currently 0.0 days.

Hannover Ruck Stock Performance

Shares of HVRRY traded up $0.65 on Tuesday, reaching $43.82. 76,437 shares of the stock traded hands, compared to its average volume of 39,989. The firm has a market cap of $31.71 billion, a price-to-earnings ratio of 10.36 and a beta of 0.20. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.06 and a quick ratio of 0.06. Hannover Ruck has a 12 month low of $43.00 and a 12 month high of $55.72. The stock’s 50-day moving average price is $49.39 and its 200-day moving average price is $49.39.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly earnings data 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 the consensus estimate of $8.54 billion. Hannover Ruck had a net margin of 9.84% and a return on equity of 20.27%. Equities analysts forecast that Hannover Ruck will post 4.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Hannover Ruck to a “strong-buy” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Hannover Ruck presently has a consensus rating of “Buy”.

Hannover Ruck Company Profile

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.