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

Hannover Ruck SE (OTCMKTS:HVRRY) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 1,184 shares, a growth of 6,864.7% from the May 31st total of 17 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 93,383 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Berenberg Bank upgraded shares of Hannover Ruck to a “strong-buy” rating in a research report on Tuesday, May 5th. Zacks Research cut shares of Hannover Ruck from a “hold” rating to a “strong sell” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Hannover Ruck presently has an average rating of “Moderate Buy”.

Hannover Ruck Trading Down 0.6%

Hannover Ruck stock traded down $0.26 during mid-day trading on Thursday, hitting $44.86. The stock had a trading volume of 20,451 shares, compared to its average volume of 24,437. The stock has a 50-day simple moving average of $47.59 and a two-hundred day simple moving average of $49.00. The company has a current ratio of 0.07, a quick ratio of 0.06 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $32.46 billion, a PE ratio of 10.61 and a beta of 0.20. Hannover Ruck has a 12 month low of $43.00 and a 12 month high of $55.72.

Hannover Ruck (OTCMKTS:HVRRY) last released its earnings results on Monday, May 11th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.40). The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.54 billion. Hannover Ruck had a net margin of 9.84% and a return on equity of 19.51%. As a group, sell-side analysts forecast that Hannover Ruck will post 4.46 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.