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

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

Wall Street Analyst Weigh In

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

NN Group Stock Performance

Shares of OTCMKTS:NNGRY traded up $0.38 on Tuesday, hitting $44.99. 18,873 shares of the company’s stock were exchanged, compared to its average volume of 65,965. The firm’s 50-day moving average is $44.76 and its 200 day moving average is $42.55. The company has a current ratio of 137.28, a quick ratio of 137.28 and a debt-to-equity ratio of 0.58. NN Group has a 1-year low of $33.16 and a 1-year high of $48.79.

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.