Short Interest in NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) Drops By 33.0%

NN Group NV Unsponsored ADR (OTCMKTS:NNGRY) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 36,289 shares, a decrease of 33.0% from the June 30th total of 54,143 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 68,380 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

Separately, Zacks Research downgraded shares of NN Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

NN Group Stock Performance

NNGRY stock opened at $46.99 on Friday. The company has a current ratio of 137.28, a quick ratio of 137.28 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average price is $43.44 and its two-hundred day moving average price is $41.66. NN Group has a fifty-two week low of $33.16 and a fifty-two week high of $46.99.

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.