Short Interest in Hannover Ruck SE (OTCMKTS:HVRRY) Grows By 109.1%

Key Points

• Short interest in Hannover Ruck SE increased by 109.1% in July, with a total of 4,600 shares compared to 2,200 shares at the end of June.
• The company's stock rose by 2.9%, closing at $52.44, with a total of 6,660 shares traded.
• Hannover Ruck SE reported an EPS of $0.70 for the last quarter, missing estimates by $0.10, while generating revenue of $8.06 billion, exceeding expectations of $7.10 billion.

Hannover Ruck SE (OTCMKTS:HVRRY - Get Free Report) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 4,600 shares, anincreaseof109.1% from the June 30th total of 2,200 shares. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 9,700 shares, the days-to-cover ratio is currently 0.5 days.

Hannover Ruck Trading Up 1.6%

OTCMKTS HVRRY opened at $53.08 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.09 and a current ratio of 0.09. Hannover Ruck has a one year low of $38.80 and a one year high of $55.40. The company has a 50-day simple moving average of $52.27 and a 200-day simple moving average of $50.00. The firm has a market capitalization of $38.41 billion, a PE ratio of 15.84 and a beta of 0.46.

Hannover Ruck (OTCMKTS:HVRRY - Get Free Report) last released its earnings results on Tuesday, May 13th. The financial services provider reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.10). The firm had revenue of $8.06 billion during the quarter, compared to analysts' expectations of $7.10 billion. Hannover Ruck had a return on equity of 18.29% and a net margin of 8.46%. On average, equities analysts forecast that Hannover Ruck will post 3.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res raised shares of Hannover Ruck to a "hold" rating in a research note on Monday, April 28th.

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.