NI Holdings, Inc. (NASDAQ:NODK) Short Interest Down 14.4% in January

NI Holdings, Inc. (NASDAQ:NODK) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 31,049 shares, a decline of 14.4% from the January 15th total of 36,288 shares. Based on an average daily volume of 11,040 shares, the short-interest ratio is presently 2.8 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 11,040 shares, the short-interest ratio is presently 2.8 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised NI from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

NI Trading Up 1.1%

Shares of NI stock traded up $0.15 during trading on Tuesday, hitting $13.46. 13,350 shares of the stock were exchanged, compared to its average volume of 9,140. The company has a fifty day moving average price of $13.53 and a 200-day moving average price of $13.36. The stock has a market capitalization of $277.41 million, a price-to-earnings ratio of 103.54 and a beta of 0.39. NI has a 1-year low of $12.01 and a 1-year high of $15.27.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. M3F Inc. increased its stake in NI by 3.8% in the second quarter. M3F Inc. now owns 1,463,721 shares of the company’s stock valued at $18,648,000 after acquiring an additional 53,877 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of NI by 112.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 32,983 shares of the company’s stock valued at $439,000 after buying an additional 17,473 shares during the period. Dimensional Fund Advisors LP lifted its holdings in NI by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 325,296 shares of the company’s stock valued at $4,327,000 after buying an additional 16,180 shares during the period. AE Wealth Management LLC bought a new stake in NI during the third quarter valued at $151,000. Finally, AQR Capital Management LLC acquired a new position in shares of NI in the 1st quarter valued at about $143,000. 21.89% of the stock is owned by institutional investors and hedge funds.

NI Company Profile

NI Holdings, Inc underwrites property and casualty insurance products in the United States. Its products include private passenger auto, non-standard automobile, homeowners, farm owners, crop hail and multi-peril crop, and liability insurance policies. The company was founded in 1946 and is headquartered in Fargo, North Dakota. NI Holdings, Inc operates as a subsidiary of Nodak Mutual Group, Inc