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

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 49,392 shares, a growth of 77.4% from the April 30th total of 27,841 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 76,343 shares, the short-interest ratio is presently 0.6 days.

NN Group Price Performance

Shares of OTCMKTS:NNGRY opened at $41.50 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 137.28 and a current ratio of 137.28. NN Group has a 52-week low of $31.58 and a 52-week high of $45.12. The stock’s fifty day simple moving average is $42.34 and its 200-day simple moving average is $39.81.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered NN Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, NN Group currently has a consensus rating of “Hold”.

About NN Group

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.