Short Interest in Hannover Ruck SE (OTCMKTS:HVRRY) Drops By 46.5%

Hannover Ruck SE (OTCMKTS:HVRRY) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 16,194 shares, a drop of 46.5% from the April 15th total of 30,293 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 18,213 shares, the short-interest ratio is presently 0.9 days.

Hannover Ruck Price Performance

HVRRY traded up $0.62 during trading on Friday, hitting $46.28. The company’s stock had a trading volume of 36,508 shares, compared to its average volume of 17,162. 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 has a twelve month low of $45.45 and a twelve month high of $55.72. The business’s fifty day simple moving average is $50.85 and its 200 day simple moving average is $49.82. The firm has a market capitalization of $33.49 billion, a price-to-earnings ratio of 10.94 and a beta of 0.23.

Hannover Ruck (OTCMKTS:HVRRY) last issued 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 business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.54 billion. On average, equities research analysts forecast that Hannover Ruck will post 4.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Hannover Ruck to a “strong-buy” rating in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.

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.