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 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 company’s stock are sold short. Based on an average daily volume of 70,106 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Hannover Ruck Stock Performance

Shares of OTCMKTS:HVRRY traded up $0.27 on Thursday, hitting $44.47. The company had a trading volume of 30,805 shares, compared to its average volume of 23,538. 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 $32.18 billion, a price-to-earnings ratio of 10.51 and a beta of 0.20. The stock has a 50 day moving average price of $49.26 and a 200 day moving average price of $49.36. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.30.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly earnings data on Monday, May 11th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.40). Hannover Ruck had a net margin of 9.84% and a return on equity of 20.27%. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.54 billion. Analysts expect that Hannover Ruck will post 4.67 EPS for the current 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.