Short Interest in Hannover Ruck SE (OTCMKTS:HVRRY) Drops By 34.6%

Key Points

• Short interest in Hannover Ruck SE decreased by 34.6% in August, falling to 5,100 shares from 7,800 shares, indicating a reduced bearish sentiment in the market.
• The company reported earnings per share of $1.31 for the last quarter, surpassing analyst expectations by $0.26, with a revenue of $7.96 billion.
• Hannover Ruck's current stock price is $48.97, with a market cap of $35.43 billion, showing a stable financial position amid market fluctuations.

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 5,100 shares, a decline of 34.6% from the August 15th total of 7,800 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 13,500 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 13,500 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company's shares are short sold.

Hannover Ruck Price Performance

Hannover Ruck stock remained flat at $48.46 during trading hours on Friday. 1,936 shares of the company's stock traded hands, compared to its average volume of 7,557. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.09 and a quick ratio of 0.09. The company has a market cap of $35.06 billion, a PE ratio of 12.89 and a beta of 0.47. Hannover Ruck has a twelve month low of $41.49 and a twelve month high of $55.40. The stock has a 50-day simple moving average of $50.17 and a 200-day simple moving average of $51.02.

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, topping the consensus estimate of $1.05 by $0.26. The business had revenue of $7.96 billion during the quarter, compared to analysts' expectations of $7.34 billion. Hannover Ruck had a net margin of 9.33% and a return on equity of 19.77%. On average, research analysts expect that Hannover Ruck will post 3.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, UBS Group raised shares of Hannover Ruck from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 12th. Two investment analysts have 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, Hannover Ruck presently has an average rating of "Moderate Buy".

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.