Hannover Ruck SE (OTCMKTS:HVRRY) Short Interest Update

Hannover Ruck SE (OTCMKTS:HVRRY) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 18,180 shares, a growth of 1,435.5% from the June 15th total of 1,184 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 75,975 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

HVRRY has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Hannover Ruck from a “hold” rating to a “strong sell” rating in a report on Monday, June 22nd. Berenberg Bank raised shares of Hannover Ruck to a “strong-buy” rating in a report on Tuesday, May 5th. Two investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Hannover Ruck Price Performance

OTCMKTS HVRRY traded down $0.11 during trading on Friday, reaching $47.52. The company’s stock had a trading volume of 13,840 shares, compared to its average volume of 33,222. The firm has a fifty day moving average of $45.99 and a 200 day moving average of $48.70. Hannover Ruck has a one year low of $43.00 and a one year high of $55.72. The stock has a market capitalization of $34.38 billion, a PE ratio of 11.23 and a beta of 0.20. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.07 and a quick ratio of 0.07.

Hannover Ruck (OTCMKTS:HVRRY) last issued its quarterly 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 the consensus estimate of $8.54 billion. Hannover Ruck had a net margin of 9.84% and a return on equity of 19.51%. Analysts expect that Hannover Ruck will post 4.46 EPS for the current fiscal 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.