Hannover Ruck SE (OTCMKTS:HVRRY) Short Interest Update

Hannover Ruck SE (OTCMKTS:HVRRY) saw a large increase in short interest during 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 35,092 shares, the days-to-cover ratio is currently 1.5 days.

Hannover Ruck Stock Up 0.0%

OTCMKTS HVRRY traded up $0.02 on Friday, hitting $49.12. 12,295 shares of the stock traded hands, compared to its average volume of 14,629. The company has a current ratio of 0.06, a quick ratio of 0.07 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $48.73 and a 200 day moving average of $48.55. Hannover Ruck has a twelve month low of $43.00 and a twelve month high of $55.72. The company has a market capitalization of $35.54 billion, a P/E ratio of 12.16 and a beta of 0.19.

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

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Hannover Ruck from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 15th. One investment analyst has 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 an average 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.