Hannover Ruck SE (OTCMKTS:HVRRY) Short Interest Update

Key Points

• Hannover Ruck SE experienced a significant increase in short interest, with a rise of 237.0% in July, totaling 15,500 shares by July 31st compared to just 4,600 on July 15th.
• The company's earnings report showed $1.31 earnings per share, exceeding analyst expectations of $1.05, and revenues of $7.96 billion, surpassing forecasts of $7.34 billion.
• Hsbc Global Res upgraded Hannover Ruck to a "hold" rating on April 28th, indicating a more cautious outlook for the stock.

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 15,500 shares, anincreaseof237.0% from the July 15th total of 4,600 shares. Approximately0.0% of the shares of the company are sold short. Based on an average trading volume of 43,100 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 43,100 shares, the short-interest ratio is presently 0.4 days. Approximately0.0% of the shares of the company are sold short.

Hannover Ruck Price Performance

Shares of OTCMKTS HVRRY traded up $0.6760 during midday trading on Wednesday, hitting $49.6520. The company had a trading volume of 6,330 shares, compared to its average volume of 7,389. The firm has a market capitalization of $35.93 billion, a price-to-earnings ratio of 13.21 and a beta of 0.46. Hannover Ruck has a twelve month low of $41.49 and a twelve month high of $55.40. The business has a 50-day simple moving average of $51.77 and a two-hundred day simple moving average of $50.39. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.36.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last issued its earnings results on Tuesday, August 12th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.26. Hannover Ruck had a net margin of 9.33% and a return on equity of 20.09%. The company had revenue of $7.96 billion during the quarter, compared to analysts' expectations of $7.34 billion. Equities research analysts anticipate that Hannover Ruck will post 3.42 earnings per share for the current year.

Analyst Ratings Changes

Separately, Hsbc Global Res raised Hannover Ruck to a "hold" rating in a research note on Monday, April 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold".

About Hannover Ruck

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.