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

Hannover Rück SE (OTCMKTS:HVRRY) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 2,500 shares, a growth of 1,150.0% from the August 15th total of 200 shares. Based on an average trading volume of 9,600 shares, the short-interest ratio is currently 0.3 days.

Hannover Rück Stock Up 0.7 %

OTCMKTS HVRRY opened at $46.95 on Friday. Hannover Rück has a fifty-two week low of $35.66 and a fifty-two week high of $48.14. The business has a 50 day moving average price of $43.88 and a two-hundred day moving average price of $42.85. The stock has a market cap of $33.97 billion, a PE ratio of 16.61 and a beta of 0.74.

Hannover Rück (OTCMKTS:HVRRY) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $2.04. The business had revenue of $6.72 billion for the quarter. Hannover Rück had a net margin of 7.43% and a return on equity of 16.85%. Sell-side analysts anticipate that Hannover Rück will post 3.35 EPS for the current fiscal year.

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.