Short Interest in Hannover Ruck SE (OTCMKTS:HVRRY) Drops By 46.5%

Hannover Ruck SE (OTCMKTS:HVRRY) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 16,194 shares, a drop of 46.5% from the April 15th total of 30,293 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 18,213 shares, the days-to-cover ratio is presently 0.9 days.

Analysts Set New Price Targets

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. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Hannover Ruck Price Performance

Shares of OTCMKTS HVRRY traded up $0.62 during midday trading on Friday, hitting $46.28. The stock had a trading volume of 36,508 shares, compared to its average volume of 17,162. The company has a market capitalization of $33.49 billion, a PE ratio of 10.94 and a beta of 0.23. The stock has a 50 day simple moving average of $50.85 and a 200-day simple moving average of $49.82. Hannover Ruck has a 1 year low of $45.45 and a 1 year high of $55.72. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.30.

Hannover Ruck (OTCMKTS:HVRRY) last released its earnings results on Monday, May 11th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.18 by ($0.40). The firm had revenue of $8.16 billion during 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 20.27%. On average, sell-side analysts expect that Hannover Ruck will post 4.67 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.