Hannover Ruck SE (OTCMKTS:HVRRY) Sees Significant Increase in Short Interest

Key Points

• Hannover Ruck SE experienced a significant increase in short interest, rising by 831.3% in September, with total short interest reaching 14,900 shares by month-end.
• In recent rating changes, Royal Bank Of Canada downgraded HVRRY to a "hold," while both UBS Group and Zacks Research upgraded it to a "strong-buy".
• The company reported $1.31 EPS for the last quarter, surpassing expectations and achieving a revenue of $7.96 billion, higher than the consensus estimate of $7.34 billion.

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 14,900 shares, a growth of 831.3% from the September 15th total of 1,600 shares. Based on an average trading volume of 34,400 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 34,400 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

HVRRY has been the subject of several research reports. Royal Bank Of Canada downgraded shares of Hannover Ruck from a "moderate buy" rating to a "hold" rating in a research report on Monday. UBS Group upgraded shares of Hannover Ruck from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Finally, Zacks Research upgraded shares of Hannover Ruck from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 1st. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

Hannover Ruck Price Performance

Shares of OTCMKTS HVRRY traded down $1.15 during midday trading on Thursday, reaching $49.21. The company's stock had a trading volume of 14,895 shares, compared to its average volume of 8,648. Hannover Ruck has a fifty-two week low of $41.49 and a fifty-two week high of $55.40. The company has a market cap of $35.61 billion, a P/E ratio of 13.09 and a beta of 0.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.09 and a current ratio of 0.09. The business's 50 day moving average price is $49.46 and its two-hundred day moving average price is $51.17.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The financial services provider reported $1.31 EPS for the quarter, beating the consensus estimate of $1.05 by $0.26. Hannover Ruck had a net margin of 9.33% and a return on equity of 19.77%. The business had revenue of $7.96 billion during the quarter, compared to the consensus estimate of $7.34 billion. On average, analysts forecast that Hannover Ruck will post 3.42 EPS for the current fiscal year.

Hannover Ruck 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.

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