Hannover Ruck SE (OTCMKTS:HVRRY) Sees Large Drop in Short Interest

Hannover Ruck SE (OTCMKTS:HVRRYGet Free Report) 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. Based on an average daily volume of 18,213 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the shares of the stock are sold short.

Hannover Ruck Price Performance

Shares of OTCMKTS HVRRY traded up $0.62 during midday trading on Friday, hitting $46.28. The company had a trading volume of 36,508 shares, compared to its average volume of 17,162. The company has a quick ratio of 0.06, a current 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 has a 50-day simple moving average of $50.85 and a two-hundred day simple moving average of $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:HVRRYGet Free Report) last announced its 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 analyst estimates of $8.54 billion. Hannover Ruck had a return on equity of 20.27% and a net margin of 9.84%. Equities research analysts anticipate that Hannover Ruck will post 4.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upgraded shares of Hannover Ruck to a “strong-buy” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hannover Ruck currently has a consensus rating of “Buy”.

Read Our Latest Research Report on HVRRY

About Hannover Ruck

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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.

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