Hannover Ruck SE (OTCMKTS:HVRRY) Short Interest Up 66.8% in August

Hannover Ruck SE (OTCMKTS:HVRRY) was the target of a large increase in short interest in 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 trading volume of 10,807 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.0% of the shares of the stock are short sold.

Hannover Ruck Price Performance

Shares of HVRRY opened at $50.09 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.07 and a quick ratio of 0.07. 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 $36.24 billion, a PE ratio of 12.40 and a beta of 0.19. The firm has a fifty day moving average price of $47.99 and a 200 day moving average price of $48.59.

Hannover Ruck (OTCMKTS:HVRRY) last posted its earnings results on Wednesday, August 12th. The financial services provider reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $7.43 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Hannover Ruck had a return on equity of 18.15% and a net margin of 9.33%. As a group, sell-side analysts anticipate that Hannover Ruck will post 4.45 EPS for the current year.

Wall Street Analysts Forecast Growth

HVRRY has been the subject of a number of recent research reports. Zacks Research cut shares of Hannover Ruck from a “hold” rating to a “strong sell” rating in a research report on Monday, June 22nd. Berenberg Bank upgraded 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate 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.