NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Sees Large Increase in Short Interest

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 248,441 shares, a growth of 1,090.1% from the July 30th total of 20,875 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 76,127 shares, the short-interest ratio is presently 3.3 days.

Analysts Set New Price Targets

Separately, Zacks Research raised NN Group to a “hold” rating in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

NN Group Trading Up 1.4%

Shares of NNGRY stock traded up $0.64 during trading hours on Wednesday, hitting $45.25. 804 shares of the company’s stock traded hands, compared to its average volume of 74,022. The stock’s 50 day simple moving average is $44.76 and its 200 day simple moving average is $42.55. NN Group has a 12 month low of $33.16 and a 12 month high of $48.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 137.28 and a quick ratio of 137.28.

NN Group Company Profile

NN Group N.V. (OTCMKTS:NNGRY) is a Dutch insurance and asset management company that provides a range of life and non-life insurance products, pension and retirement solutions, and investment management services. Its product offering typically includes individual and group life insurance, annuities, disability and health-related coverages, property & casualty insurance, and savings and retirement planning products aimed at both retail and corporate clients. The company also manages assets on behalf of its insurance operations and third-party institutional and individual investors.

NN Group traces its corporate structure to the Dutch insurer Nationale-Nederlanden and was established as a separate, publicly listed company following a demerger from ING Group in the mid-2010s.