Short Interest in Hannover Rück SE (OTCMKTS:HVRRY) Drops By 12.5%

Hannover Rück SE (OTCMKTS:HVRRY) was the target of a significant drop in short interest in September. As of September 30th, there was short interest totalling 700 shares, a drop of 12.5% from the September 15th total of 800 shares. Based on an average daily trading volume, of 5,100 shares, the days-to-cover ratio is presently 0.1 days.

Hannover Rück Stock Up 0.5 %

Shares of OTCMKTS:HVRRY traded up $0.23 during midday trading on Wednesday, reaching $47.69. The company had a trading volume of 8,093 shares, compared to its average volume of 5,107. Hannover Rück has a one year low of $35.66 and a one year high of $48.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $34.51 billion, a P/E ratio of 16.89 and a beta of 0.74. The stock’s fifty day moving average price is $46.01 and its 200-day moving average price is $43.21.

Hannover Rück (OTCMKTS:HVRRY) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $2.04. The business had revenue of $6.72 billion for the quarter. Hannover Rück had a net margin of 7.43% and a return on equity of 16.85%. Equities research analysts expect that Hannover Rück will post 3.35 earnings per share for the current fiscal year.

About Hannover Rück

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.