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

Hannover Ruck SE (OTCMKTS:HVRRY) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 54,306 shares, an increase of 219.0% from the August 31st total of 17,026 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 35,092 shares, the short-interest ratio is currently 1.5 days.

Hannover Ruck Stock Performance

Shares of HVRRY traded up $0.02 during mid-day trading on Friday, hitting $49.12. The stock had a trading volume of 12,295 shares, compared to its average volume of 14,629. The firm has a market cap of $35.54 billion, a P/E ratio of 12.16 and a beta of 0.19. The business has a fifty day moving average price of $48.73 and a 200-day moving average price of $48.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.06 and a quick ratio of 0.07. Hannover Ruck has a 52 week low of $43.00 and a 52 week high of $55.72.

Hannover Ruck (OTCMKTS:HVRRY) last posted its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. Hannover Ruck had a return on equity of 18.00% and a net margin of 9.33%.The company had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.23 billion. On average, equities research analysts expect that Hannover Ruck will post 4.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Hannover Ruck from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Hannover Ruck Company Profile

Hannover Rück SE, also known as Hannover Re, is a Germany-based global reinsurance group headquartered in Hannover. Founded in 1966, the company provides reinsurance solutions to insurance companies and other risk-bearing organizations rather than primarily selling insurance directly to individual consumers.

Hannover Re’s main business is divided into property and casualty reinsurance and life and health reinsurance. Its services include risk transfer, catastrophe coverage, specialty reinsurance, structured solutions and insurance-linked products.