Hannover Rück SE (OTCMKTS:HVRRY) Sees Significant Drop in Short Interest

Hannover Rück SE (OTCMKTS:HVRRY) was the recipient of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 100 shares, a decrease of 97.7% from the January 31st total of 4,300 shares. Based on an average daily trading volume, of 9,100 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Barclays raised shares of Hannover Rück to a “strong sell” rating in a research note on Tuesday, January 28th.

Hannover Rück Price Performance

Shares of HVRRY stock opened at $44.16 on Friday. Hannover Rück has a 1 year low of $38.40 and a 1 year high of $48.42. The firm’s 50 day moving average is $43.65 and its 200-day moving average is $44.64. The firm has a market capitalization of $31.95 billion, a price-to-earnings ratio of 13.06 and a beta of 0.73. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.39.

Hannover Rück Company Profile

Hannover Rück SE, together with its subsidiaries, provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally. It operates through Property & Casualty Reinsurance; and Life & Health Reinsurance segments.