Short Interest in Hannover Ruck SE (OTCMKTS:HVRRY) Rises By 237.0%

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 growth in short interest in July. As of July 31st, there was short interest totaling 15,500 shares, agrowthof237.0% from the July 15th total of 4,600 shares. Based on an average daily trading volume, of 43,100 shares, the short-interest ratio is currently 0.4 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,100 shares, the short-interest ratio is currently 0.4 days.

Hannover Ruck Price Performance

HVRRY stock traded up $0.0060 during midday trading on Tuesday, reaching $48.9760. The stock had a trading volume of 9,374 shares, compared to its average volume of 17,068. The company's fifty day simple moving average is $51.77 and its 200 day simple moving average is $50.39. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.36. The company has a market cap of $35.44 billion, a price-to-earnings ratio of 13.03 and a beta of 0.46. Hannover Ruck has a 52-week low of $41.49 and a 52-week high of $55.40.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The financial services provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.26. The company had revenue of $7.96 billion for the quarter, compared to analyst estimates of $7.34 billion. Hannover Ruck had a return on equity of 20.09% and a net margin of 9.33%. As a group, sell-side analysts predict that Hannover Ruck will post 3.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Hsbc Global Res upgraded Hannover Ruck to a "hold" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, 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.