Short Interest in Hannover Ruck SE (OTCMKTS:HVRRY) Increases By 92.6%

Hannover Ruck SE (OTCMKTS:HVRRY) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 21,166 shares, an increase of 92.6% from the November 30th total of 10,989 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 20,550 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 20,550 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HVRRY shares. UBS Group raised Hannover Ruck from a “hold” rating to a “strong-buy” rating in a report on Friday, September 12th. Royal Bank Of Canada downgraded shares of Hannover Ruck from a “moderate buy” rating to a “hold” rating in a research report on Monday, October 13th. Finally, Zacks Research cut shares of Hannover Ruck from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Hannover Ruck Stock Performance

Hannover Ruck stock traded up $0.74 during mid-day trading on Friday, hitting $52.52. 2,591 shares of the company’s stock traded hands, compared to its average volume of 8,498. The firm has a 50 day simple moving average of $49.79 and a two-hundred day simple moving average of $50.32. Hannover Ruck has a fifty-two week low of $41.49 and a fifty-two week high of $55.40. The stock has a market cap of $38.00 billion, a price-to-earnings ratio of 13.82 and a beta of 0.33. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.14 and a quick ratio of 0.14.

Hannover Ruck (OTCMKTS:HVRRY) last released its quarterly earnings data on Monday, November 10th. The financial services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02). The company had revenue of $8.21 billion during the quarter, compared to analyst estimates of $8.27 billion. Hannover Ruck had a net margin of 9.44% and a return on equity of 19.35%. On average, research analysts expect that Hannover Ruck will post 3.42 EPS for the current fiscal year.

About Hannover Ruck

Hannover Rück (OTCMKTS: HVRRY), commonly known as Hannover Re, is a global reinsurance group headquartered in Hannover, Germany. The company underwrites treaty and facultative reinsurance across a broad spectrum of risks, including property & casualty and life & health lines. Its product suite encompasses traditional proportional and non?proportional treaty contracts, facultative placements, structured reinsurance, retrocession, and capital market–linked solutions such as insurance?linked securities, tailored to transfer and manage insurance risk for primary insurers and other reinsurers.

Founded in the 1960s, Hannover Re has developed into one of the major international reinsurers, building a presence across Europe, the Americas, Asia?Pacific and other global markets.