Hannover Ruck SE (OTCMKTS:HVRRY) Short Interest Up 66.8% in August

Hannover Ruck SE (OTCMKTS:HVRRY) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 13,743 shares, an increase of 66.8% from the July 30th total of 8,241 shares. Based on an average daily volume of 10,807 shares, the short-interest ratio is presently 1.3 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HVRRY. Berenberg Bank upgraded 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 note on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Hannover Ruck Trading Up 0.6%

Shares of OTCMKTS:HVRRY traded up $0.30 on Tuesday, hitting $50.10. 2,141 shares of the company’s stock were exchanged, compared to its average volume of 22,267. The stock has a market capitalization of $36.25 billion, a price-to-earnings ratio of 12.40 and a beta of 0.20. Hannover Ruck has a 12 month low of $43.00 and a 12 month high of $55.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.07 and a quick ratio of 0.07. The business’s 50 day simple moving average is $47.89 and its two-hundred day simple moving average is $48.57.

Hannover Ruck (OTCMKTS:HVRRY) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $7.23 billion. Hannover Ruck had a net margin of 9.33% and a return on equity of 18.15%. Analysts anticipate that Hannover Ruck will post 4.45 EPS for the current fiscal year.

Hannover Ruck Company Profile

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.